Cap gains

[gin2000]

Hello i have a question for anyone who might know me and my ex have had dinar for about six years and he got it in iraq while he was working there as a contractor he got it strait from the cbi so no receipts it has been circulated and i have copied the serial numbers since then we have split and i got half in the divorce degree that was in oct 2008 so dose anyone think that will be enough to prove long term cap gains? thanks in advance gin.

[Tech_Ops]

I was under the impression that you had to pay cap gains on the money even if you have it for more than a year.

[kipgolf]

all that i know for fact is the cap gain waiver runs out in 2010. Thru this year all cap gains will be taxed at your ordinary income tax rate.

[Tanglefoot]

Capital gains should be the least of anyones worries

[Happyfeet]

Do yourself a favor and get yourself a tax attourney and a financial planner.

[Outlawdave]

Do yourself a favor and get yourself a tax attourney and a financial planner.

Smartest advice out there.

[cjp]

thank you hope every body be come million

[karen]

gin 2000 to my limited knowledge to claim long term you must have proof of date obtained. as soon as we have an rv my first contact will be with a tax lawyer.

[djw]

Get a ROTH self directed IRA if you havent bought dinar yet. Then it will be totally tax free on the revaluation. I can explain if you like.

[BR549]

Get a ROTH self directed IRA if you havent bought dinar yet. Then it will be totally tax free on the revaluation. I can explain if you like.

PLEASE EXPLAIN, DJW! Thanks!