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06-12-2021, 10:14 PM | #10066 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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06-12-2021, 10:18 PM | #10067 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $384734
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06-12-2021, 10:54 PM | #10068 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $2250
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Displaced, I hope you seek advice from more than one source. As Buehler mentioned, there are some real pieces of work out there putting people in terrible situations.
I'm curious if you have considered rolling it into a new asset with obvious appreciation coming or even explored a multi stage sale. The staged transfers are becoming more popular here for various reasons, but they're obviously more complicated than a single transaction and could put you at risk of a political raping on the future transactions. |
Posts: 8,697
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06-13-2021, 12:38 AM | #10069 | |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Quote:
If it rips like everyone is saying it will next week....I’ll be happy(not really) to pay the capital gains tax.
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06-13-2021, 01:10 AM | #10070 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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Posts: 40,651
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06-13-2021, 07:24 AM | #10071 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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Posts: 40,651
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06-13-2021, 09:28 AM | #10072 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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I just hate paying taxes & I might have to pay the most taxes I’ve ever paid when this thing rips. https://youtu.be/YW554gS1fWs
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06-13-2021, 11:22 AM | #10073 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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This is a good listen / AMC
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Posts: 40,651
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06-13-2021, 12:48 PM | #10074 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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Posts: 40,651
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06-13-2021, 12:49 PM | #10075 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $3739601
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Y'all should just rename this the meme stock thread. While everybody futzing around with AMC, my OTLY stock went from $20 to 29 slow and steadily over four weeks. Plant-based future my friends.
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Posts: 12,023
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06-13-2021, 01:05 PM | #10076 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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I'd take some help getting this thread out of all the meme talk but no one helps me!
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Posts: 46,146
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06-13-2021, 01:43 PM | #10077 |
It was not a fair catch
Join Date: Aug 2012
Location: Correcting papers
Casino cash: $1012630
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I am very lucky that my sister has an accounting degree her cpa and knows money very well.
I just also know that what I have in a mutual fund right now has dividends that we reinvest and we are paying taxes on that period I don't want to do that period. When we sell this farm it will be split between my sister and I. It will be a sizable amount of money. I will let others do the math. It won't reach one million, but we could have some capital gains on it I am willing to pay the 20% on that. I just don't want to have to continue pay taxes on the money that I'm investing and not be able to enjoy the salaries that we are making on our own. I do trust my accountant. And the person that I would more than likely invest the money with. He has another batch of mine.
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#investigatecarlcheffers |
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06-13-2021, 01:43 PM | #10078 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1900
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Posts: 46,146
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06-13-2021, 02:02 PM | #10079 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7224386
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Posts: 11,434
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06-13-2021, 07:57 PM | #10080 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-99523
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Posts: 40,651
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