EFTA00634771.txt

"FROM: Brad Wechsler DATE: September 26, 2016 Leon Black (Email & Fed Ex)"

"Jeffrey Epstein Tax Summary and Status"

"In my recent conversations with Jeffrey he has raised the issue of how the optics of the 1040 (negative taxable income) might or might not impact the "

"If we had not done the Phaidon transaction in 2015 the amount of the federal overpayment that would be applied to 2016 taxes would be $7.6MM less"

"In 2015, we paid in approximately $12MM of taxes to the federal government"

"decline in income (Apollo-related) and a $4MM increase in charitable contributions from December estimates."

"Please note the following numbers are still moving around as Rich and Tom finalize."

"Please note the following numbers are still moving around as Rich and Tom finalize."

"now useable passive losses from Regan Arts, Artspace and Avionetta ($5MM)"

"In my recent conversations with Jeffrey he has raised the issue of how the optics of the 1040 (negative taxable income) might or might not impact the "