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Non-Cattle Specific Topics
Coffee Shop
Capital gains!!!
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<blockquote data-quote="JMJ Farms" data-source="post: 1325587" data-attributes="member: 24583"><p>I agree that those capital gains taxes suck. Especially short term. The only way to avoid them is to do a 10-31 like exchange and over time acquire something that you want to gradually gift to your children or someone else. </p><p></p><p>If you're in the buying and selling business, there's really nothing you can do about it. Just stay positive and remember that if you're having to pay capital gains taxes then at least you're turning a profit.</p></blockquote><p></p>
[QUOTE="JMJ Farms, post: 1325587, member: 24583"] I agree that those capital gains taxes suck. Especially short term. The only way to avoid them is to do a 10-31 like exchange and over time acquire something that you want to gradually gift to your children or someone else. If you're in the buying and selling business, there's really nothing you can do about it. Just stay positive and remember that if you're having to pay capital gains taxes then at least you're turning a profit. [/QUOTE]
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Capital gains!!!
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