Tuesday Night Opinions @ 11:30 PM CST - 11/23/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

*** Sandy Ingram  The information you want to keep track of now so that when your tax professional asks you for this information it will enable he or her to complete your taxes accurately and with ease...more than likely you will file your IQD capital gains...They want to know the sales price or the cost that you paid for the Iraqi dinars [and how many]...the date that you purchased the Iraqi dinars...the date that you sold the currency...that's what you must do right now.  [Post 1 of 2]..

 

*** Sandy Ingram  For this example...we are going to say...you have over 1 million Iraqi dinars...We're going to say that Iraqi dinar floats to or equals 1 dinar to 1 US dollar...when you do the math you find out quickly that your total tax would be right around $335,423.  Do I need to repeat that? $335,423.  That is how much you will owe the IRS.  I know some of you don't believe in the IRS.  Others say it's not a real government agency. And some of you up until now have never cared, but let me tell you, if you want your profits...you're going to need to claim the financial gain...[Post 2 of 2]...[NOTE:  Some others feel your tax will be based on Ordinary Income not capital gains. So, consult your tax professional at the appropriate time so you pay what the IRS expects you to pay.]

 

Sandy is giving us some very wise and sound advice. We don't know when any increase in value will occur, but when it does many of you will  choose to cash in ASAP ... so her advice is: "BE PREPARED"..! RON

 

[cjdavid]

Thanks Ron! Hope you have a wonderful Thanksgiving filled with family, love and appreciation of still living in the Greatest country in the planet. We have much to be thankful for. 

[yendor]

*** Sandy Ingram  For this example...we are going to say...you have over 1 million Iraqi dinars...We're going to say that Iraqi dinar floats to or equals 1 dinar to 1 US dollar...when you do the math you find out quickly that your total tax would be right around $335,423.  Do I need to repeat that? $335,423.  That is how much you will owe the IRS.  I know some of you don't believe in the IRS.  Others say it's not a real government agency. And some of you up until now have never cared, but let me tell you, if you want your profits...you're going to need to claim the financial gain..

 

I am  planning on a greater government "grab" and I expect to pay about 60% taxes...... And at this point, happy to do it.  Just GIT 'R DONE !!!