SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (18753)2/3/2003 12:29:02 PM
From: CommanderCricket  Read Replies (1) | Respond to of 23153
 
Warp,

I have same issue with a 2nd trust deed I sold my mother on her primary residence.

10% simple interest trust deed. Principle and interest due in 10 years (interest rolled over each year).

I already took the gain and reported to IRS when I sold the house so what the hell do I in 10 years?

Capital gain and/or deferred interest income?

Bout the same as your gold coins, no one will ever know the difference.



To: Warpfactor who wrote (18753)2/3/2003 1:34:23 PM
From: energyplay  Respond to of 23153
 
I believe collectibles (like antiques) have a max 28% tax rate. If you have held them long enough, you could get capital gains tax treatment.

I think paper trails are required for large (10,000) transactions.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News