So if I never write off the loss. The other person doesn't have to report the income? Seems like a win to me.
Obviously I'd consult a professional before employing this kind of strategy. But I feel these kinds of strategies are what the the elite employ to avoid harsh taxes. This getting a one up on people once you get past a certain wealth point.
So if I never write off the loss. The other person doesn't have to report the income? Seems like a win to me.
Obviously I'd consult a professional before employing this kind of strategy. But I feel these kinds of strategies are what the the elite employ to avoid harsh taxes. This getting a one up on people once you get past a certain wealth point.
So if I never write off the loss. The other person doesn't have to report the income? Seems like a win to me.
If they deposit a large sum in a bank, the bank may report it because of federal regulation requirements.
Car dealers and others may report large cash transactions.
The govt has about every possibility mapped out. Tax consultants can find legal ways to minimize your tax liability.
>So if I never write off the loss. The other person doesn't have to report the income? Seems like a win to me.
If they deposit a large sum in a bank, the bank may report it because of federal regulation requirements.
Car dealers and others may report large cash transactions.
The govt has about every possibility mapped out. Tax consultants can find legal ways to minimize your tax liability.
(post is archived)