Just business or shady dealing?

[ITHERTZ]

Hey....speaking of that, what are the capitol gains tax laws on a purchase such as a 6 figure shelby??

You pay sales tax if applicable on the purchase in your state.   Your capital gains on the sale depends on your tax bracket, what you profit from it and how long you have owned it.  Don't bother asking for a capital LOSS if the value tanks to shrink your tax burden, though.  The house has the rules stacked in their favor.  (:

[shelbymann1970]

Hey....speaking of that, what are the capitol gains tax laws on a purchase such as a 6 figure shelby??

when you sell if you make a profit you pay either 20 or 25 percent the last time i sold a car. Keep all receipts and they wouldn't let me write off any other cars i "lost" money on that year against the profits of said sold car. Of course with the new tax laws it could have changed. .

[cutter]

Part 2


Ebay auction for a black KR increases BIN price 30K overnight....must be greatest investment ever???