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Dinar Guru Adam Montana says --  I came to the conclusion that the tax code is just not clear about this RV situation.  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Dinar Guru Adam Montana says -- I came to the conclusion that the tax code is just not clear about this RV situation.

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Dinar Guru Adam Montana says --  I came to the conclusion that the tax code is just not clear about this RV situation.  Empty Dinar Guru Adam Montana says -- I came to the conclusion that the tax code is just not clear about this RV situation.

Post by Ponee on Mon Jun 24, 2019 9:02 pm

Newshound Guru Adam Montana


  [I came to the conclusion that the tax code is just not clear about this RV situation.  ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.]   


 I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation.


  Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor.


  If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. 


 I am hoping for the best but prepared and protected against the worst in regards to taxation.   


[Note:  Be sure to check with your tax professional at the appropriate time.]



06.23.2019

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