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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Scary as h*ll
  • Date: Thu, 16 Oct 2008 05:46:53 -0700 (PDT)

I have gone through several, Moon (one died). My bookkeeping has caused many
problems, believe me. I am paying a big price for bad accounting. But,
still, you can't base everything on tax consequences.

I could sell a piece of land right now to offset my next qurter, but I don't
want to sell , in this market. I bought significntly in the stock market ,
at the close yesterday, and have already put in buy orders for this morning.
If I have to worry about tax consequences every time I move, I will never do
anything.

No one is more aware, than I am, of problems that occur, when bookkeeping
does not match the protocols of revenue collectors. I can not live my life,
completely at their whim......bobford


--- On Thu, 10/16/08, paxamicus AT earthlink.net <paxamicus AT earthlink.net> wrote:

> From: paxamicus AT earthlink.net <paxamicus AT earthlink.net>
> Subject: Re: [Homestead] Scary as h*ll
> To: homestead AT lists.ibiblio.org
> Date: Thursday, October 16, 2008, 6:40 AM
> If you are having capital gains every year, you need to find
> a new
> accountant. Seriously.
> On Oct 16, 2008, at 8:26 AM, bob ford wrote:
>
> > I don't understand what you are saying gene. A
> lot of people have
> > capital gains. I do practically every year. As bad
> as the market
> > is, I will have net capital gains to report this year.
> >
> > You can only offset the gains with losses if you sell
> the losers and
> > have more sold losers than sold winners. You can not
> base you
> > investmenbt practices, solely based on tax
> consequences......bobford
> >
>
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