SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 8 hours ago, DWitte said: Aren't you the Ladies of Ol Sarge? I always thought you were proud of that. We are indeed ! Like we said in the above post, we are NOT the target... guru MyLadies was! FourTwoNiner referred to guru MyLadies as 'Gals".... we didn't want there to be any mistake about who's/which 'Gals' he was referring to ! Quote Link to comment Share on other sites More sharing options...
Popular Post Rabbi Posted December 24, 2016 Popular Post Report Share Posted December 24, 2016 OK, everybody, take a deep breath. I am a tax professional. In order for Section 987 to be applicable, a taxpayer must, first and foremost, be engaged in what is termed a "Section 987 transaction," which in simple terms involves the buying and selling of financial instruments the are stated in terms of a foreign currency. This particular Code Section applies to individuals and entities who are in "the trade or business" of regularly engaging in foreign currency transaction, e.g., futures contracts, long-term loans,accounts receivable or payable stated in a foreign currency. The straight-up purchase of a foreign currency is NOT a Section 987 transaction!!!!!!! If you, like me, have purchased IQD in isolated transactions, and you are NOT involved in the trade or business of buying and selling foreign currencies, then your exchanges will be considered capital gains. 22 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 24, 2016 Report Share Posted December 24, 2016 Thanks Rabbi for the clarification. 3 Quote Link to comment Share on other sites More sharing options...
nannab Posted December 24, 2016 Report Share Posted December 24, 2016 2 minutes ago, ChuckFinley said: Thanks Rabbi for the clarification. Quote Link to comment Share on other sites More sharing options...
army03 Posted December 24, 2016 Report Share Posted December 24, 2016 Thanks Rabbi Straight to the point is what's needed in this conversation. +1 to you. 1 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 ***/// Thank you for the clarification, RABBI -- Happy Hannukah to you and your loved ones ! 4 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted December 24, 2016 Report Share Posted December 24, 2016 Thanks Rabbi, we appreciate the professional help anytime we can get it! 3 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 ***/// TheBOOSTERhoneyBEE is right, RABBI.... some of us here DO indeed require 'professional help'...! 4 Quote Link to comment Share on other sites More sharing options...
psdon Posted December 24, 2016 Report Share Posted December 24, 2016 4 minutes ago, SgtFuryUSCZ said: ***/// TheBOOSTERhoneyBEE is right, RABBI.... some of us here DO indeed require 'professional help'...! HAY my DOCTOR sid no body is looking at me on TV but they are Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 52 minutes ago, psdon said: HAY my DOCTOR sid no body is looking at me on TV but they are ***/// A small piece of metallic duct tape over the 'eye' on the front of yer tv oughtta take care of that... as well as on your laptop.... as we can see you still aren't wearing pants this morning ! But you can't stop there, no.... your 'Smart Meter' on yer house is watchin' ya... and all your kitchen appliances also now monitor your every move! Your car can be shut down on ya when yer speedin' down the highway, too.... RAGE AGAINST THE MACHINE !.......! move off grid and go natural... and you won't have to wear pants in the woods, either ! 4 Quote Link to comment Share on other sites More sharing options...
DWitte Posted December 24, 2016 Report Share Posted December 24, 2016 2 hours ago, SgtFuryUSCZ said: We are indeed ! Like we said in the above post, we are NOT the target... guru MyLadies was! FourTwoNiner referred to guru MyLadies as 'Gals".... we didn't want there to be any mistake about who's/which 'Gals' he was referring to ! Good morning Gals and Merry Christmas. No worries, your friends here will make no mistake about who you are. Either or both of you. Enjoy 2 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 24, 2016 Report Share Posted December 24, 2016 (edited) So basically I'm going to be taxed 30% and also what the bank charges...correct? Edited December 24, 2016 by Officiallytook Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 1 hour ago, DWitte said: Good morning Gals and Merry Christmas. No worries, your friends here will make no mistake about who you are. Either or both of you. Enjoy ***/// We're hugging you right now.... Which probably accounts for your buggie eyes ! Hoping all your Christmas Dreams come true ! 1 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 32 minutes ago, Officiallytook said: So basically I'm going to be taxed 30% and also what the bank charges...correct? ***/// Hmmnnn... sounds like you're thinkin' ya may be 'officially took'...! Naw...Live in Hope Lest ya Die in Despair OT...! Hang in there ! 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 24, 2016 Report Share Posted December 24, 2016 3 minutes ago, SgtFuryUSCZ said: ***/// Hmmnnn... sounds like you're thinkin' ya may be 'officially took'...! Naw...Live in Hope Lest ya Die in Despair OT...! Hang in there ! No lol, I was just thinking someone posted capital gains tax bracket percents I thought...and if I remember if the reveal is right I should be getting taken for 30% lol... I have high hopes for the dinar, I'll take 30% I was thinking 39% when preparing for possible outcomes... 😁 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted December 24, 2016 Report Share Posted December 24, 2016 3 hours ago, Rabbi said: OK, everybody, take a deep breath. I am a tax professional. In order for Section 987 to be applicable, a taxpayer must, first and foremost, be engaged in what is termed a "Section 987 transaction," which in simple terms involves the buying and selling of financial instruments the are stated in terms of a foreign currency. This particular Code Section applies to individuals and entities who are in "the trade or business" of regularly engaging in foreign currency transaction, e.g., futures contracts, long-term loans,accounts receivable or payable stated in a foreign currency. The straight-up purchase of a foreign currency is NOT a Section 987 transaction!!!!!!! If you, like me, have purchased IQD in isolated transactions, and you are NOT involved in the trade or business of buying and selling foreign currencies, then your exchanges will be considered capital gains. So being a tax person I've one question, Do you need some special loven this Christmas On a more serious note, Bless you for your insite. 38 minutes ago, Officiallytook said: So basically I'm going to be taxed 30% and also what the bank charges...correct? Not if you join VIP. Most of these issues will be someone else's problem. 4 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 24, 2016 Report Share Posted December 24, 2016 (edited) ***/// Heck.... what're 9 little percentage points between thieves.... LGD is right -- you're holding an Ace with VIP ! We'll all be okay... we have it on good authority-- we threw some bones, lit a candle and killed a chicken. We're good ! . Edited December 24, 2016 by SgtFuryUSCZ 2 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 24, 2016 Report Share Posted December 24, 2016 Can some one PM the understanding of VIP, like the whole run down from a-z , I have been tempted, but always think, this is a simple transaction of exchange like any of the other Recognized currencies. 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted December 24, 2016 Report Share Posted December 24, 2016 Can some one PM the understanding of VIP, like the whole run down from a-z , I have been tempted, but always think, this is a simple transaction of exchange like any of the other Recognized currencies. 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted December 24, 2016 Report Share Posted December 24, 2016 (edited) 7 minutes ago, Officiallytook said: Can some one PM the understanding of VIP, like the whole run down from a-z , I have been tempted, but always think, this is a simple transaction of exchange like any of the other Recognized currencies. I'll be in touch, friend. But following rules there is only so much we can talk about. Ok, so I see that it is not allowed to PM someone that is not VIP so I'll give you an email that you can contact me through. Summitdemonslayer@gmail.com Edited December 24, 2016 by ladyGrace'sDaddy 1 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted December 25, 2016 Report Share Posted December 25, 2016 15 hours ago, ChuckFinley said: Thanks Rabbi for the clarification. Next whiskey shot dedicated in Rabbi's name! Thanks! 3 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 27, 2016 Report Share Posted December 27, 2016 On 12/23/2016 at 10:01 AM, SgtFuryUSCZ said: ***/// Whoa, whoa, whoa... ! Let's be clear.... the target of ire here is against guru myladies, NOT 'OlSarge'sGals ! Us 'Gals' are NOT gurus or the 'ladies' of some guru ! Man, oh, man... that was close !......gotta keep yer 'Gals' separate or all hell breaks loose ! this is true....the gals are NOT ladies!!!! oops I man those ladies...oops I mean oh never mind..... 2 Quote Link to comment Share on other sites More sharing options...
DoD Posted December 27, 2016 Report Share Posted December 27, 2016 On 12/24/2016 at 5:42 AM, Rabbi said: OK, everybody, take a deep breath. I am a tax professional.The straight-up purchase of a foreign currency is NOT a Section 987 transaction!!!!!!! If you, like me, have purchased IQD in isolated transactions, and you are NOT involved in the trade or business of buying and selling foreign currencies, then your exchanges will be considered capital gains. Rabbi, that is exactly what my CPA told me...10 years ago about this Dinar....thingy, so simple 3 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted December 27, 2016 Report Share Posted December 27, 2016 2 hours ago, SnowGlobe7 said: this is true....the gals are NOT ladies!!!! oops I man those ladies...oops I mean oh never mind..... ***/// We knew if we wanted a true friend we shoulda gotten a DOG. BAD CAT ! 1 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 27, 2016 Report Share Posted December 27, 2016 5 Quote Link to comment Share on other sites More sharing options...
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