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Old 01-26-2006, 03:54 AM  
the Shemp
congrats to the winners
 
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Join Date: Nov 2001
Location: Echo Beach
Posts: 10,891
Quote:
Originally Posted by bdjuf
everything is fully legal including a notary and whatever lawyer that is wished to be brought in.

doesnt what he is doing make sense?
you said the land is 300K, but he will sell it for 200K, so that is a loss of 100K.
he is doing it to save the taxes on 125K.... which would be far less than the 100K he lost by selling it low....am i missing something here?
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