The Inevitable New The Inevitable Trump Mocking Thread

Shame you didnʻt read the January 2017 multi agency intel report. It was only 25 pages. Pretty entertaining to be honest.

Your house was collateralized debt. The Cap gain$ is your asset after sale. Finally. 1031 exchange?
I’m afraid your financial info is incorrect. Shocker. To be a capital asset and pay capital gains taxes on it, you have to hold the asset for a minimum period. The cash from the sale was taxed at capital gains rates just a few months after I received it. So what was the capital asset that permitted the reduced tax liability?
Hint: it was not the cash.
 
Shame you didnʻt read the January 2017 multi agency intel report. It was only 25 pages. Pretty entertaining to be honest.

Your house was collateralized debt. The Cap gain$ is your asset after sale. Finally. 1031 exchange?
Maybe this will help.
  1. a profit from the sale of property or an investment.
    "a tax is imposed when individuals part with an asset and make capital gains on it"

    That is the definition of capital gains.
    What did I part with, in my example, that I used some of my profits with which to pay my capital gains taxes?

    Hint: my house.

    So should I have claimed it wasn’t an asset and not paid taxes? Will you help me with this? I will split the recovery 50/50 with you...and you can prove your theory!
 
Maybe this will help.
  1. a profit from the sale of property or an investment.
    "a tax is imposed when individuals part with an asset and make capital gains on it"

    That is the definition of capital gains.
    What did I part with, in my example, that I used some of my profits with which to pay my capital gains taxes?

    Hint: my house.

    So should I have claimed it wasn’t an asset and not paid taxes? Will you help me with this? I will split the recovery 50/50 with you...and you can prove your theory!
The 1031 just slipped right by you. And you wonder why I put you in the simulator.
 
The 1031 just slipped right by you. And you wonder why I put you in the simulator.
It was just a sale of my home for cash.
I ignored it because it’s totally irrelevant. You brought it up because you’re embarrassed to answer the simple question.
Why did I pay capital gains on the sale of my house if it wasn’t an asset? Help me recover those monies, would you? Did I get ripped off?
 
They are begining to uncover some shady tactics used by the left this last election. Things that are illegal in other states but permitted in Cali. Shows how desperate the left is...
We all already know how desperate the left is/was.
hillary-clinton-biopics-cancelled-ftr.jpg
 
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