Posted 01 February 2010 - 05:53 PM
After watching the state of the union address, i was curious about one thing. There will be no capital gains tax on my investments as a small business. Now I have kind of a predicament.
I have "old" business accounts of a Sole Proprietorship. I withdrew money from this account to pay for my dinar.
My account (from a different bank) is where I purchased the dinar from, is registered to my new business, a LLC.
My first questions is: Do I need to "gift" the dinar back to myself as long as it is under 13k cash value or should I just keep it in the business and pay myself out?