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moose 57

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Posts posted by moose 57

  1. 1 hour ago, yendor said:

    I have been thinking and not sure of a solution.....

     

    Let's say that you hold 3 million IQD and they revalue at $0.50 with a cash-in window of 30 days. So you cash in and have $1.5 millionand purchase $1million worth of the new IQD . Since you are basically just shifting the old IQD to the new IQD can I assume that you have to pay the taxes on just the half million dollars or do you pay the tax on the whole million and a half since you are just rolling one million dollars of it over? This is a really impoertant question for me because if you have to pay taxes on the whole million and a half, you wouldn't be able to buy near the amount and then when you cash in at a higher rate down the road, you will have to pay taes again. 

     

    If the latter is true, then it wouldn't pay to re-invest'

    I will take whatever I can get and be done. 

    • Upvote 4
  2. 8 hours ago, yendor said:

    Sure you would/will..... After all the time that you , anyone else or I have spent on this ride we might as well stick it out to the end.  

     

    Besides, what we paid for our Dinar back then would probably have been spent or blown on something else in  time. Hopefully money spent on Dinar was paid for from a discretionary fund and not from necessary funds. Never speculate with funds that you cannot afford to lose.

    You're right I will wait, just venting a little frustration with all this. Have a great day and thanks

    • Like 1
  3. On 8/17/2021 at 10:14 PM, Wiljor said:

    It’s all good Adam, we have talked and discussed this topic for years now. I think from here on it’s just a matter of when. And when “when” comes, those of us who stuck  around, are surely ready.  :soon:

    "When" is so much better than ? The dreaded "soon "!

    • Upvote 9
  4. On 6/28/2021 at 8:18 AM, moose 57 said:

    On a sad note, my dad died yesterday and now is with my mom who died last Thanksgiving. They were both great people who I loved deeply and going to miss the heck out of. They are both in a better place now and are together again. They had 66yrs here and now forever with the Lord 

    Thank you everyone for your kind responses. You are all wonderful people!

    • Like 2
    • Thanks 1
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