In Reply to: RE: Buy a home for $200,000.... posted by Utley1 on May 1, 2021 at 10:03:56:
for $5 and sell it through Southey's for $5 million, ya think they will report it to the IRS?Think I'll end up with a bill from IRS based on the selling price?
Will the %4,999,995 be taxed as income or capital gains?
First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
Edits: 05/01/21
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Follow Ups
- If I find a Rembrandt at a garage sale... - Ivan303 10:33:01 05/01/21 (12)
- Psssst.... - tinear 12:42:22 05/01/21 (0)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 10:54:30 05/01/21 (0)
- RE: If I find a Rembrandt at a garage sale... - Utley1 10:51:19 05/01/21 (1)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:15:37 05/01/21 (0)
- RE: If I find a Rembrandt at a garage sale... - Utley1 10:47:17 05/01/21 (7)
- Hmmmmm........ - Ross 15:11:13 05/02/21 (0)
- A Giotto? I could only find this: - tinear 12:48:16 05/01/21 (4)
- RE: A Giotto? I could only find this: - Utley1 13:15:35 05/01/21 (0)
- RE: A Giotto? I could only find this: - Utley1 13:03:19 05/01/21 (2)
- I wouldn't burn a Cimabue in the fireplace... nt - tinear 06:37:57 05/02/21 (1)
- RE: I wouldn't burn a Cimabue in the fireplace... nt - Utley1 08:47:41 05/02/21 (0)
- RE: If I find a Rembrandt at a garage sale... - rivervalley817 11:09:35 05/01/21 (0)