Quote:
Originally Posted by notorious
It's a license to print money. I see all this expensive equipment running around.
When you can spend 600k on a machine that you use for 5-6 weeks a year it's doesn't take rocket surgery to figure out it's a rich man's club.
Don't get me started on the ladies and John Deere green. Panties don't fall off, they flash burn from all the heat.
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Quote:
Originally Posted by Bearcat
Yeah, don't let Buehler fool you.... I met up with him in BFE Kansas on my way to KC and he was wearing what seemed like a pretty decent hoodie and I think even an NFL licensed Chiefs hat.
Phone looked pretty nice. Drove a truck and you know those cost money.
Ordered the combo meal like it was no big deal.
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Y'all mother****ers believe what you want.
Quote:
Originally Posted by displacedinMN
can it run at a large loss every year so i can have the cap loss?
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Sure. Absolutely. Yes.
It's an S-Corp, so it can accordingly pass through deductible losses up unto the amount of basis you have provided it can maintain solvency.
All you have to do is contribute the capital to book the basis. I'm here for you. Just let me pull my equity out first.
I'm here to help.