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.Originally Posted by parker
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?
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.
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