I,m in the process of selling the family farm that has been in the family since The War of Northern Aggression. I will have a large long term Capital gain. The buyer has cash and does not want to pay interest with a installment purchase. I don't wish to invest in a business property as a Like Kind Exchange. Is there a way I can spread out the tax hit on this transaction?
One suggestion I received was to hire a land assessor to estimate the land value higher than the tax value in the year I inherited it to raise the Basis.
Thank you all,
MAIN lately has moved between $26ish and $32ish . I start buying below $28 and sell over $31. The trash BDC like MCC,PSEC,FSC ect are only worthy of a short trade off a new bottom. In the past your could buy MAIN on a 52 wk high and come out over time.
I would have looked forward to a big Tuesday IF we had the usual sell off last week. It makes me want cash out long,short,Gold, the house goes up for sale next week and I,ve made a good deal on the farm in Virginia. Soon to be 100% cash living out of the back of a pu truck waiting on Slicks "Big One":) I,m considering trading for a old wore our truck and ride around with Bibb over ally . I,m thankful my wife does not read my posts:)
Bernie and Obama would only think that the imperial government of Venezuela did not go far left enough. Commies always double down on failure.
Another reason I like Lowes I screwed up a special order for new Garage doors , I ordered 8' but needed 9' and being in a hurry I opened one carton up messily before realizing my mistake. Lowes gave me a full refund and exchange with no question.
One interesting thing about HD, if you buy a molding you can save all you scrap and return it to the store for full credit for total length of all the pieces.
I remember the conversation and I only shop at Lowes and carry there CC to get the discount. In my working days I was a transportation vendor for both HD and Lowes, both were demanding but HD store personnel behaved in such a way that I don't set foot in the place and do not compare prices. I don't waste time going to either for advice just walk in buy what I want and leave . Most resent purchase was a dishwasher and over the range microwave (selling home) for about $600 including water lines and reworking tile back splash.
NEWS: Yellen will give a speech at 1:15 today. The market might go nuts depending on how a Bot reads a buzz word:) Slickogeddon ?
In olden times you could expect a sell off on a Friday before Memorial Day. But ............ Low balls in place in case of a slickageddon.
I can see a neighbor named Brent down the street mowing his yard but have a very poor teack record guessing oil futures. I can see any number between $10 and $200 but no idea of timing.
Paul, Young people wanting to work is so 1960. Where I grew up you took care of your own chores as long as you were able. This will be the first time I will hire out moving my furnature.
Disclosure: I would have sold today but was getting house ready to sell and payed no attention. I cleaned 30 years of trash,dirt and long lost items from my garage in 90 degree heat,hard job at 68 years old.
nunthia why do you care what a Stealing Alpoo bloggers cares about anything for that matter? They are just greasing you up to move inventory.