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You were given a 200k tractor then sold it for 3k? Sounds like you got ripped off twice. Im still curious how you were scammed on the net for 3k?LOL, You guys crack me up. Actually, depending on who you talk to, the tractor could have been a scam to me. It's a 1927 Case. It's been appraised for over 200k.
I love the twists of witts around here....EXCELLENT comedy. From here on out, actually, I've already been doing this, I've vowed not to match witts with most of the guys who post in here. It just makes you and me look like idiots in most cases. But to twist the Bible around...well that is another issue for another forum.![]()
Parker....dude......he saved a ton of money by not having to report $197K worth of unmatch income to the IRS ($200-3 = 197). That is serious capital gains tax savings.
He could buy a new bass boat with just the tax he saved by selling the Case below value....in this case.
I once had a platinum plated Lawboy I sold below cost and saved enough on taxes to pay for the stictches my wife put in my forehead.....uh-huh...did too.
Last edited by HURRICANEBOB; 03-29-2010 at 10:49 PM.
