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 Guru Bob The Tax Man "Exchange is NOT Going to be Treated as Capital Gains" 9/25/17

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Posts : 2850
Join date : 2015-04-20

PostSubject: Guru Bob The Tax Man "Exchange is NOT Going to be Treated as Capital Gains" 9/25/17   Mon Sep 25, 2017 11:55 pm

This [dinar exchange] is NOT going to be treated as capital gains despite what other people may say.  It’s not.  It’s going to be treated as ordinary income.  We don’t qualify for it to be treated as Forex…we’re not actively trading it, we’re holding it as an investment…One one who tells you it’s going to fall in the capital gains arena is incorrect.  It’s not going to be that.  It’s going to be ordinary income.  So we have the two income taxes to deal with…We have the Federal…and the State income tax…[NOTE: This should NOT be considered tax or investment advice.  It is purely informational and the views of this guru.  Speak to your own tax and investment professional at the appropriate time.]
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Sam I Am

Posts : 1265
Join date : 2016-01-21

PostSubject: Re: Guru Bob The Tax Man "Exchange is NOT Going to be Treated as Capital Gains" 9/25/17   Tue Sep 26, 2017 3:28 am

This numbnuts is working the dinar crowd with Breitling. Anybody who says that there will be any income tax paid on dinar exchanges is a lying douchebag. You'll be doing good to exchange for less than a 20% loss.

Busting Gurus Since 2011

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Guru Bob The Tax Man "Exchange is NOT Going to be Treated as Capital Gains" 9/25/17
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