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The real income problem
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Boone & Crockett
Posted 4/12/2019 09:17 (#7435029 - in reply to #7435016)
Subject: RE: Im not seeing your point


lcflms - 4/12/2019 09:10

The Farm Bought for $1000 a acre in 2000 now If sold for $5000 After paying Capital gains has more cash in pocket but can not buy the same farm back in vaule so who gained Uncle Sam[/QUOTE with proper planning ahead of time before the sale, cap gains can be avoided, and recieve a current income tax deduction besides.
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