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KristiD

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Everything posted by KristiD

  1. I have been worried about these protests so I was a bit relieved to see that there are only "dozens" of protestors today. I dug a little further to find out what they are about and learned that these protests happen every summer as the average citizens deal with power outages in excessive heat, ongoing government corruption and unemployment. But this year it's worse because people have water shortages and are angry after electing a new government that doesn't seem to be changing much. The government cracks down pretty hard on the protestors and have even killed 11 of them in the past 2 weeks. But, no doubt because the government is so rough with them, the protests seem to be in check. I feel bad to learn about all of this, and I even feel a degree of selfishness for only rooting for the RV because of what it means to me. But on the other hand, I think the RV will be a huge blessing for the people of Iraq (which they really could use) and it will bring international investment which will bring jobs and better infrastructure. Also, hopefully Sadr will turn out to be a good leader for Iraq (it takes time to drain the swamp after all) and hopefully he will significantly reduce corrpution. Since these protests don't seem to be too out of control, I personally do not think they will have much of an impact on the RV, but for such while I continue to pray for the RV, I will be praying hard for the people of Iraq that they can become the first successful democratic government (or a Republic or any other form of government that serves its people instead of vice versa) in the Middle East. For anyone who's interested in learning more about the Iraq protests, below is a great article from Al Jazeera, which explains it very well. https://www.aljazeera.com/indepth/opinion/iraqis-protesting-180718131316968.html Why are Iraqis protesting? For the past two weeks, waves of mass protests haveengulfed several of Iraq's southern governorates, spreading from Basra all the way to the capital, Baghdad. Summer protests are a fairly regular feature of the Iraqi political calendar, as the unbearable heat brings the public's long-simmering grievances to boiling point. However, this year's protests will likely cause Iraq's political classes more concern than usual. The root causes and triggers of the ongoing protests are not that different from previous years: lack of basic services (especially electricity shortages), corruption, and unemployment. In addition to the infernal heat, this summer has been marked by unprecedented watershortages. The ensuing public anger was exacerbated by 15 years of remarkable levels of waste and theft. However, the context of 2018 makes this round of "summer protests" somewhat different previous ones. In December 2017, the Iraqi government declared victory in the war against the Islamic State of Iraq and the Levant (ISIL, known as ISIS), but seven months later ordinary Iraqis still have not seen a peace dividend. There has been incessant talk of political reform since at least 2014, but it continues to be business-as-usual for Iraq's political class. The supposedly game-changing "post-ISIL" election has come and gone, but brought no change. The ever more distant, unresponsive, self-interested and thoroughly rotten political elites are still enriching themselves, while ordinary Iraqis struggle to make ends meet. WATCH: Iraq struggles with economic, energy crises as protests spread (1:56) In other words, even if the grievances of the Iraqi public are the same, their hopes, expectations and tolerance for the status quo are not. The reduction of violence, the retreat of identity politics and the relative stabilisation of the state have brought Iraq's systemic failures into sharper focus. In the absence of existential struggles and civil war, Iraqis finally got some breathing space that has allowed them to demand more from their corrupt political elites. The (caretaker) Iraqi government's response to the protests has been ham-fisted and heavy-handed. Since the protests erupted some two weeks ago, 11 people have died and some 500 people have been injured (including at least 300 members of the security forces). Water cannon and live ammunition have been used against protesters and Baghdad even sent units from the elite Counter Terrorism Service to southern governorates to help with crowd control. The internet was temporarily shut down in most of Iraq, while some social media platforms remain blocked. Protesters have burned down party offices across southern Iraq. Few political parties were spared: from PM Haider al-Abadi's Dawa Party to the Badr organisation (affiliated with the Popular Mobilisation Forces, PMUs), and even more hardline and more Iran-leaning groups such as Asa'ib Ahl al-Haq (Khazali Network) and Kata'ib Hezballah (Hezbollah Brigades) got their fair share of public anger. Conspiracy theories There has been some speculation that the protests were deliberately incited. Some have argued that followers of Iraqi-cleric-turned-politician Muqtada al-Sadr (whose political alliance won a narrow plurality in the May elections) are behind the protests, and especially the burning of party offices, which are meant to increase their leverage in government-formation negotiations. It is difficult to tell the extent to which political actors are using the protests as cover for their own ends, but reducing what is happening to a mere function of elite political rivalries would be a mischaracterisation. The current burst of rage has been aimed at the political class in general and might be too anti-system even for al-Sadr, the self-styled champion of reform. OPINION Will Sadr's victory diminish Iran's influence in Iraq? by Zaid al-Ali The Sadrists angle is one of a number of narratives that have emerged seeking a conspiratorial motive behind what are, in fact, spontaneous, organic, and recurrent protests by Iraqis who have more than enough reasons to be disillusioned and angry. As with previous Iraqi crises, we are seeing old and predictable partisan scripts being recirculated. Defenders of the political system are quick to discredit the protesters with that oldest of post-2003 accusations: "Baathists". One PMU-affiliated politician said that Saudi Arabian and Baathist agents had infiltrated the protests. Another, a spokesman for Asa'ib Ahl al-Haq, pointed the finger at Zionist-American and Turko-Gulf plots. Conspiracy theorising about Iraq is never complete without an Iranian angle and, sure enough, there have been plenty of people pointing a finger at Iran as either the target or the instigator of the protests. This, of course, follows an all too familiar pattern of displacing Iraqi agency and Iraqi issues with Iranian interests and priorities thereby scripting Iraq out of its own commentary. While there has indeed been plenty of anti-Iranian sentiment in these protests with images of Ayatollah Khomeini being set alight and anti-Iranian slogans being voiced, ultimately these protests are not about Iran. Rather, anti-Iranian sentiment, in this case, is a by-product (not a driver) of rage against the entire Iraqi political order. Iran is seen as a guarantor and as a beneficiary of the system with Iranian interests converging in a web of complicity with those of Iraq's political classes. In that sense, the anti-Iranian sentiment is not only reflective of long-standing Iraqi popular resentment towards the country, but is also an act of protest and defiance against a political elite that is seen as responsible, alongside its Iranian allies/patrons, for Iraq's failures. As for the notion that Iran is the instigator of these protests: the dire conditions of the southern governorates, and indeed in the rest of Iraq, are such that conspiracies and foreign actors are not a prerequisite for outbursts of popular rage. Ultimately, whether it is Iran, Baathists, ISIL, Saudis or any other force, insisting on a hidden guiding hand behind these protests denies Iraqis agency, dismisses their grievances and ultimately serves to delegitimise - indeed criminalise - protest. In that sense, to reduce these protests to "infiltrators" and foreign agents is cynical and foolish. Not a revolution On the other end of the spectrum, we have opponents of the political order who frame the protests as a revolution or as Iraq's "Arab Spring moment". This is wishful thinking and the reality is that the current political system is likely to persist with minor if not cosmetic changes. Here, it is worth asking what a revolution can look like in Iraq circa 2018. The diffusion of military and political power, the brittleness of the state and its compromised sovereignty - in other words, some of its worst features - might paradoxically be the political order's most powerful preservative in that it precludes the possibility of state capture, absent its complete destruction by way of a major civil war or a foreign 2003-esque intervention. The Stream - After ISIL: What is life like in Mosul? There is no guiding ideology to be overturned, no Leviathan to tear down and no singular authoritarian figure whose demise might signal a structural shift in the governing order. Rather than revolutionary climaxes, Iraq is far more likely to witness gradual change through a recurring cycle of political and economic pressures leading to protests and riots that, in turn, meet a combination of force and piecemeal reforms. Indeed, elements of just such a dynamic have been in evidence since 2011 and more so since 2014. For now, it looks like the protests are going to continue. Iraq's acting Prime Minister al-Abadi has shifted away from trying to discredit the protesters with talk of "infiltrators" and conspiracies and has adopted a more conciliatory approach. After an unnecessary delay, he announced a series of measures including the immediate allocation of $3.5bn for development projects in Basra and the dismissal of three ministers. These measures are unlikely to be enough to fully absorb the protest momentum that has been generated thus far. Indeed, it is unclear what the prime minister can realistically offer to calm tensions down in the short term. The failures of Iraqi governance are so deep, cumulative and structural as to defy quick fixes. What political actor or arm of the Iraqi state can quickly and adequately face the challenges of desertification, water shortages, water salinity, unemployment, governance, reconstruction, corruption, etc? What short or even medium-term fix is there for the fact that Iraq's oil sector supplies 90 percent of its revenue, but employs just four percent of the population? These are long-term problems that require far more vision than Iraq's self-interested political classes are likely to be able to offer. Genuine attempts at structural change - say a shift to a majority government rather than dysfunctional "consensus governments" and the despised system of ethno-sectarian apportionment - would appease public sentiment and secure much goodwill and public buy-in. But structural change is a tall order. A more likely scenario is for a combination of force, enticements and fatigue to eventually reduce the scale of discontent to more manageable levels until the next round of protests.
  2. Yes Navira, I'm hoping, praying, sending postitive vibes, anything I can think of, too!!! With that beautiful new train station, it just seems right that Iraq should finally bring the RV train into the station, doesn't it?!
  3. Randy is the only guru I respect other than Breitling. He doesn't post often but when he does, I sit up and pay attention. I would love a rate of over a buck to come in this month! GOOOOOOOOOOOO RV!
  4. I've always liked Randy too. I know he pretty much called the RV a few months back (and was obviously wrong), but we're all entitled to mistakes so I don't hold that against him. He's clearly NOT a pumper with his own agenda since he doesn't post for months and months, and when he does, it's short and sweet and all about logic and facts - and not hype with blue sky numbers. He's now saying $1-2 which I personally think is more likely than $3+. But at this point, I'd be thrilled to take anything (even $.1). Whatever it may come in at, I just hope it changes soon and I really, really, really, really hope you're right about this weekend!
  5. Hugh??? I'm not sure what that means, BUUUUUUT - at least its related to payments, so hopefully it's a good sign. Anytime they're hiding something to do with adjusting money payments is a good thing in my book!! Thanks!
  6. Wait..... what? What is the government denying?! Because you are so right, governments have to deny any rate change right up until it happens (because if they let on it was coming, people would start doing anything and everything to get hold of as many dinar as they could). So I've always believed that if Iraq ever starts actively stating they have no]]NO plans to change monetary policy/the rate of the IQD, then we are very close. So what did the government just deny? (Sorry, I read the last 4 pages of this thread to catch up but I didn't understand what you are referring to here) Thanks!
  7. You may want to also consider other, more costly taxes besides property tax. Being an ex-California, in my experience state income tax is far more important. And while it's true that the 7 states with no income tax do have a higher property tax, most of the time, it's still much cheaper to live in one of those states. And of couse, the state and local government are pretty critcal things to consider too. jmo
  8. I have a little experience with them. They are a franchise operation and my opinion is that the brokers working there are not very experienced. They just follow the guidelines given to them by the corporate officie that recommend investments for the average client - tailored to match say an older, more conservative investor, versus a younger investor who may want to take more risk. They don't really work with you, they just follow what corporate tells them they should recommend. My opinion is Edward Jones is not the place for a wealthy investor. I would look for one with more experience -ask around and you'll be able to find the top attorneys in town. Then ask them to recommend the best investment advisors and see if any of them are consistently recommended by the top attorneys. And then - check them out! Verify their credentials, research for complaints and try to find reliable/unbiased recommendations. While it will be scary for all of us who were never rich - to suddenly be rich - remember there will be many professional scammers that will try to take advantage of us. YOU/WE have to take responsible for who we decide to trust - and attorneys and investment advisors are perhaps the two most critical professionals we will ever work with. Historically, it's attorneys and financial advisors who steal their clients blind - bankrupting millionaires all the time. You cannot be too careful in making your choice about them. Better to take a long time and do all you can to verify they're reputable. Don't let your fear push you into accepting anyone just because you're uncomfortable and want help right away.... it may cost you your wealth. jmo
  9. Navira I just want to thank you for all your input on this starting with the original Go Iraq thread. I started reading these threads a couple of weeks ago and I have so enjoyed the hopium! Even if it doesn't happen this weekend, it's most likely going to be pretty soon. And I have thorughly enjoyed the excitement and hope that you have so graciously and diligently given us. I've been in this 8 years and for me, having the exciting times like now when we are deep into hopium, have made the journey much so more fun. So many thanks to you - and everyone else who has been contributing. All the best to all of you and your families and loved ones. Now, come on RV!!!!
  10. I admit I didn't really get on board with Q Anon until early this year. I casually watched him for the year plus preceding that until I finally concluded that he's in the know and the things he predicts do eventually happen. Q has not been posting much for the last couple of months, but yesterday he came back with a bang. Jeffrey Epstein looks to play a big part in Trump finally starting to drain the swamp in a big way - with some pretty big name indictments set to start in August. For those who are not yet into Q, now is an exciting time to start following at him more closely. To me, it's sort of like being part of the 2nd American Revolution and I am so thankful and proud to watch and support what is happen. Restore morality to America and make it a country its citizens are proud of! Our loyalty, prayers and sharing the information with others alone support the cause in a big way, and I am thrilled to be able to do that at least while I live abroad. Q posts are found at: https://qmap.pub/. Also, in my opinion, the following post from yesterday is the most exciting. MAKE AMERICA GREAT and God bless America, Trump, Q and their team. Q's Placeholders in Patriots Fight Will Be Populated Starting in August 2019 (note: a placeholder is when Q posts a crypto message hinting about things to come concerning it) 8 Jul 2019 - 10:23:45 PM Anon8 Jul 2019 - 10:20:15 PM PLACEHOLDER1.png 406c5b2e30233cc4b347fcbc956373780d4ad2358247708623eb2ea173069baf.gif D-2jUGAU4AAT7cC.jpg D-2jUF-UwAcSVvK.jpg >>6958844 WOW. They best leave our Patriots Sara and SOL alone… FOX: Former FBI official: Indictment of Jeffrey Epstein is 'placeholder,' expect dozens more charges in near future >>6958954 Placeholder population start Aug 2019 Q 3375
  11. Wow, I think this will rock the world. This is from zerohedge, at the end is a link to Epsteins 92 page "litle black book" that names some very interesting people. A lot of very famous people's lives will now be changed forever. https://www.zerohedge.com/news/2019-07-08/shtf-lets-revisit-jeffrey-epsteins-little-black-book Before SHTF, Let's Revisit Jeffrey Epstein's Little Black Book With the Saturday arrest of Jeffrey Epstein - who is reportedly offering to name elite pedophiles in exchange for leniency, a leaked copy of the billionaire sex predator's "little black book" may provide some insight into some very rich individuals who should be nervous right about now. The book was smuggled out of Epstein's residence by his former house manager, Alfredo Rodriguez, who was busted trying to sell it in 2009 for $50,000 - only to get caught, charged with obstruction of justice, and die in prison after 18 months from a 'long illness.' According to a 2015 Gawker article, Epstein's little black book contains hundreds of names that a hobnobbing socialite billionaire might keep on hand, however around 50 of the entries were circled by Rodriguez - "including those of many of Epstein's suspected victims and accomplices," according to the report. Some of the names in the book include: Ralph Fiennes, Alec Baldwin, David Blaine, Jimmy Buffett Courtney Love; Charlie Rose, Mike Wallace Barbara Walters; Ehud Barak, Tony Blair, David Koch John Gutfreund Prince Andrew And of course: Bill Clinton and Donald Trump When asked why his name might have been circled, longtime Epstein associate Alan Dershowitz said in 2015: "I've never seen the book and I have no idea what it means. I was neither a victim nor a material witness—I never witnessed any crimes or participated in any crimes, and I can prove it." 747 people are talking about this Dershowitz joined a 2017 motion brought by filmmaker and author Mike Cernovich to unseal records from a 2015 defamation case brought by Epstein victim Virginia Roberts Giuffre against British socialite Ghislaine Maxwell. Giuffre says Maxwell helped Epstein traffic herself and other underage girls to sex parties at the billionaire pedophile's many residences. View image on Twitter 1,652 people are talking about this Twitter Ads info and privacy Trump, meanwhile, was reportedly the "only one" to help a prosecuting attorney representing one of Epstein's alleged victims. The President is also said to have booted Epstein from his Mar-a-Lago club after he was found trying to recruit underage girls. One theory on Epstein's racket is described below by Twitter user @quantian1 42 people are talking about this 17 people are talking about this See Quantian's other Tweets 18 people are talking about this 22 people are talking about this See Quantian's other Tweets 68 people are talking about this Epstein's "little black book" can be seen here: https://www.scribd.com/document/416207833/Jeffrey-Epsteins-Little-Black-Book-Redacted#fullscreen&from_embed
  12. While I aboslutely respect your point of view, it is, after all, just your opinion. If I'm not mistaken, I believe Adam says he has contacts over there, and if he doesn't, I know there are people on this site who do know people over there. While those contacts will not likely have details about the RV, they may hear rumors - and rumors are sometimes based on facts, so I think you could consider that intel of a sort. I like most people here, am in this to the end, but unlike you, I do like me some hopium while I wait! And so do some others here. I know these rumors most likely will not pan out, but one day - one of them could. And in the meantime, I enjoy the excitement of thinking this time it might be it. And when it's not, no harm done - I never really expected it to be. I believe this Rumors section is for those kind of people. And since that doesn't appear to be you, if it bothers you so much that you need to vent, then you might consider just not coming to the Rumors section. Also, it's really not your place - or any other person's place - to tell others what to do or think. And if any people did want to buy more dinar based on rumor, then that's their business, you have no right to try to "protect" them for their own good. I think almost everyone of us here, maybe even you, would resent someome they don't even know trying to tell them what to do or think. And if you think about it, that's what causes much of the world's problems. Just look at the U.S, the alt left thinks they have the right to tell the majority - who elected Trump despite their voter fraud, what to do and think and it's outrageous. No disrespect intended, but I resent you trying to say that I don't have the right to indulge in my hopium here in the Rumors section.
  13. This is great way to start your day, sooooo funny! https://video.foxnews.com/v/6056213478001/#sp=show-clips
  14. My guess is that Trump was talking about te Middle East Peace Plan. He'd said great things about it previously. Unfortunately, the Palestines refused to even attend and when Kushner presented it last week, it was not well received. I think Trump had high hopes for it, but so it's pretty much a bust. Still, Trump's pretty shrewd so I wouldn't be surprised if he came up with another approach to making it happen. It sure would be great to finally see peace between Israel and Palestine.
  15. Yes, you are correct. But cashing in is a term we've come to adopt and old habits die hard. Plus I like "cashing in" because the RV will sort of be like winning a bet for those of us who took a gamble when we bought dinar when most people thought we were foolish. So it really will be like cashing in on good bet. So I for one continue to use it even though I know it's technically not the correct term. However, when I go to the bank, I will say "exchange".
  16. I think Trump was probably talking about Jared Kushner's Middle East Peace Plan (for Israel and Palistine), which, sadly, was rejected by the Palestines before he even presented it. Half of the plan was published a few days ago and was not well received. Trump had highly touted the upcoming plan, and I believe he thought it would finally bring lasting peace to the region, so it's a real shame it didn't play out as he'd expected.
  17. Though I'm not a licensed tax professional, I believe the following is correct. You won't need a receipt to cash in, but if you try to claim the income as "Capital Gains" on your taxes, then it is relevant since you've owned your dinar for well over a year and you would get the lower, long term Capital Gains rate of 20% rate. This is a good thread that discusses taxes.
  18. And to those who are hesitant, here's what's really at stake.
  19. And it's free, it will even save most people money.... I'm doing it.
  20. KristiD

    tax

    I encourage you to at least look at some of the other threads here at DV - and you can start with reading the first 3 pages of this one. I also thought we would be paying Ordinary Income taxes on our RV gains until I read comments made by xtaxguy. He was a high caliber CPA who dealt specifically with gains from currency exchanges as a result of rate fluctuations. I encourage anyone who is planning on paying US taxes after the RV - to read what he has to say about this topic. Six months ago I did just that and it started me digging into this for myself. I have 2 degrees in finance, so although I am not a licensed tax professional, I have some confidence in my ability to understand this stuff. I came to the conclusion that the tax code is just not clear about this RV sitution. (And as I recall, even Adam agreed with that.) That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income. But this ex tax man spoke about people holding their dinar as an investment, which means it should be taxed as Cap Gains. So I went and researched what the IRS said about investments and this is what I found: Topic Number 409 - Capital Gains and Losses https://www.irs.gov/taxtopics/tc409 Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss. Generally, an asset's basis is its cost to the owner, but if you received the asset as a gift or inheritance, refer to Topic No. 703 for information about your basis. For information on calculating adjusted basis, refer to Publication 551, Basis of Assets. You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren't tax deductible. --------------------------------------------------------------------------------------------------------- So in the end, I decided that, since even tax professionals cannot come to a consensus on what the tax code says about how to treat gains from the RV, along with the fact that I know - and can document with emails (and a heck of a lot of posts and comments here at DV!), that I bought and held dinar as an investment with the intent to make money from it, that I'm personally going to claim it as Cap Gains. Now that's just me and since I'm not a tax professionall, you (and everyone) need to decide this for yourself. But I encourage you (and everyone) to at least read the other posts and what xtaxguy has to say has to say about taxes. Then you can make your own well-informed decision after having reviewed a lot of good information on the subject. The safest, most conservative thing to do is pay Ordinary Income tax on it, and when the IRS finally issues a specific ruling about this situation (which they likely will be forced to do), if they rule it's Cap Gains, you can ammend your return and ask for a refund. I'm a bit of a risk taker and I also feel that since the tax code is so ambiguous about this situation that not even tax professionals know which way to go, that even if the IRS later rules it should be Ordinary Income, they will be hard pressed to try and charge late fees and penalties to those of us who only paid Cap Gains since they were the one who couldn't clearly define how to tax these gains in the first place. jmho - but knowledge is power and there's a lot of free knowledge available here!
  21. I love these hopium threads! Even if nothing comes of them, I enjoy the rush of thinking my ship may finally be coming in the next few days or weeks. I also believe the gold tie means something, and logically I would think it has to do with riches. But gold is Trump's color and it was his birthday, so maybe he just wanted to wear gold that day..... Also, since so few of us hold dinar, I don't see Trump using that as something good to tease the entire the country since it wouldn't help hardly anyone except we few who hold dinar. If anything, it may create a backlash what with the Alt Left and MSM always trying to incite people to hate others who don't share their viewpoint - and also demonize the rich. It may even be that the RV upsets some people who didn't have dinar and they get jealous and angry. Also, Trump said it was "...something that's going to have a profound effect on the things that we're talking about and have been talking about over the last two and a half years". That doesn't seem to apply to the RV to me. Still, just playing devil's avocate, there was a thread from Sunday called Capital Gains Tax where someone said Fox News announced that Trump was looking into using an Executive Order to cut the Capital Gains Rate in half. I guess the announcement was scrolled at the bottom of the screen during a Judge Jeanine segment. I tried to search for it but couldn't find it, however I did find 2 earlier references from July 2018 and sometime at the end of last year, stating Trump wants to lower Capital Gains rates. So if that's true, that could be a signal for the RV (since many people - including CPAs, believe the gain should be taxes at Cap Gains rates). Anyway, my guess about Trump's statement last Friday is that it probably has to do with Mexico. After Trump signed the recent deal with Mexico, he said more was coming and would be announced soon. Last I remember, he was saying something like Mexico (some Cabinet or group) still has to sign off on it but that he thinks it's coming. The Wall and drugs and human trafficking is something he's constantly talking about - and has been from the start, so that would fit what he said (in bold above). In any event, it does seem like Iraq is working crazy fast to get things done (which I've never seen in my 8 years of owning dinar), so I have to believe they're trying to make the RV happen soon.
  22. Can you provide a link? I searched for this and couldn't find anything... This is now one of my favorite subjects here at DV because I've switched my position on it thanks to what I learned here in the last sixe months from two previous threads here. I now think we have a good case to claim the RV profit as Capital Gains. I believe the max rate for Ordinary Income is 37% and for Capital Gains it is 20% (and if we're lucky and that gets cut in half, potentialy 10%). (And this is all federal tax - any state tax is additional.) So this is a very important question - do I pay an extra $.17 on every dollar of gain from the RV - or not? It's such an important question that I think it would behoove everyone to read the previous two threads on this subject: Personally, this is what I've concluded. Full disclosure, I am NOT an accountant or a licensed tax professional, so I really have no standing to help anyone else. I'm just sharing what I've decided for myself.... The thing is, the tax code is just not clear about this RV situation. Even CPAs cannot agree on whether the RV gain is Ordinary Income or Capital Gains; some say one, the rest say the other. I'm a big fan of Breitling and I worked with Bob Adams, his CPA partner, in one of his investment groups. Adams is a good man and a very competent CPA who has researched the RV thoroughly and believes wholeheartedly that it is Ordinary Income. But there is a long time DV member who was a managing partner at a big CPA firm (and this is a big deal) and who specifically dealt with large currency exchange gains for a major company, and he says the RV gains should be treated as Capital Gains. According to the ex tax man, if we hold our dinar as an "investment" (which I know I do), then it is Capital Gains. (You can read the first thread from December to find more specifics on what the ex tax man had to say about this. It's also worthwhile to search through and read all of his posts because he has given some great information about this topic.) So I decided the key might be the term "investment" and I researched what the IRS had to say about it. Below I've copied what I found. (I put some of the pertinent information in red). I think Adams is doing what he thinks is right, but I also think that the ex tax man, who has significant expertise in this particular area, gives some very specific and relevent information. If you read all that he's said (just look him up in the Members section and read his comments), he even tells you specifically why he things the CPAs that believe it should be Ordinary Income, are wrong. To me, he made his case and I so I switched position on this. The current tax codes are just so ambiguous about this subject that not even licensed tax professionals can agree on how to treat these type of gains. At some point in the future, I think it's likely that the IRS will specifically address this specific situation. But until then, if I use a reputable CPA, whose professional opinion is that these gains should be treated as Capital Gains, I just don't see the IRS trying to insist that I owe them penalties, fines and/or late fess when it was their fault that they didn't issue specific enough guidelines for tax professionals to definitively know what to do. Of course there's a risk that I could be wrong since we know the IRS does a lot of things it shouldn't be doing. And if the IRS does try that in the future, at least then I'll have the financial resources to fight back, and I would think a potential class action lawsuit along with other dinar investors who are in the same position. So, as of now, this is the route I've decided to take. You all have to decide for yourselves. This is just fyi for anyone who's interested. Topic Number 409 - Capital Gains and Losses https://www.irs.gov/taxtopics/tc409 Almost everything you own and use for personal or investment purposes is a capital asset. Examples include a home, personal-use items like household furnishings, and stocks or bonds held as investments. When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss. Generally, an asset's basis is its cost to the owner, but if you received the asset as a gift or inheritance, refer to Topic No. 703 for information about your basis. For information on calculating adjusted basis, refer to Publication 551, Basis of Assets. You have a capital gain if you sell the asset for more than your adjusted basis. You have a capital loss if you sell the asset for less than your adjusted basis. Losses from the sale of personal-use property, such as your home or car, aren't tax deductible. Short-Term or Long-Term To correctly arrive at your net capital gain or loss, capital gains and losses are classified as long-term or short-term. Generally, if you hold the asset for more than one year before you dispose of it, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term. For exceptions to this rule, such as property acquired by gift, property acquired from a decedent, or patent property, refer to Publication 544, Sales and Other Dispositions of Assets; or for commodity futures, see Publication 550.pdf, Investment Income and Expenses. To determine how long you held the asset, you generally count from the day after the day you acquired the asset up to and including the day you disposed of the asset.
  23. This is a new product that was just introduced on a webinar Tuesday (June 4) by Alex Loyd from the Healing Codes. I've used the Healing Codes program for over 10 years and it's great. Alex recommends a few cutting edge products each year and they have always been/done what he presents them to be/do. So I personally have faith that this product is everything it claims to be. I encourage you to listen to at least some of this (to save time, you can skip the intro and disclaimer part and start at about 7 minutes where he starts explaining a new test that measures your biological (as oppoed to chronological) age. Then a few minutes later he starts describing anectodal, as well as test, results that show how effective the product it. This product sounds amazing and I've already ordered it. Also, it comes with a pretty strong guarantee, and because it's being sold through the Healing Codes site, you can be sure they will honor it should you have any issue. Note there is a limited time special where if you buy 3 (at $150 each), you get the forth one for only $50. And apparently, as long as you don't destroy it, these should last indefinitely. fyi, I do NOT make a penny by recommending this, I'm sharing it because I think it will seriously improve my health and help me on my reverse-aging quest, as well as give full protection against this nefarious 5G. And since I'd guess most people here probably aspire to those same things, I figured they'd want to know about this. https://instantteleseminar.com/Events/115868685 ps: if anyone is seriously inerested in this, there is a follow up Q&A session today, June 7. (Sorry I'm posting this with so little lead time) Noon - Eastern 11:00 a.m . - Central 10:00 a.m. - Mountain 9:00 a.m. - Pacific Here is the access information: To access by phone dial (425) 440-5010, and using the following conference pin: 060310# Here is a list of international numbers: https://InstantTeleseminar.com/Local/?eventid=115974399 To attend this event by smart phone, tablet, laptop or desktop computer, click here 5 minutes before the event time: https://InstantTeleseminar.com/Events/115974399
  24. Isn't this shocking - as well as disgusting?! probably China is the worst country, but the U.S. is pretty bad as well. VID-20190605-WA0000_(1).mp4
  25. God (whatever that means to each of us), please bless Donald Trump, his team and his family. Protect them and keep them safe Help Trump, with his people, achieve his righteous goals and agendas, quickly and easily. Please block his adversaries' malevolent attacks and interference so that they do not prevent, or even delay, Trump and his team from achieving those righteous goals. Please here all our prayers - we who choose goodness over darkness and evil, as we unit our prayers on this day and ask you to please bless President Trump. We ask you to help manifest his righteous plans to make America great again. Please help America to be strong and to take care of its own people first, and then to be fair and compassionate and help others without compromising its duty to serve its own people first. Thank you for hearing our unified prayers today.
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