taxes
02-06-12, 11:14 PM
#1
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taxes
so i was filling mine out and (i do have a guy that does all the legal stuff) so i was wondering if anyone has every written their bike in the losses portion. i had an accident on mine this past year, frames dented and i just chose to replace the fork, i feel pretty safe about aluminum frame. anyways so i was just wondering if anyone has done this? i researched it and seems you're able to write off about 100 bucks per event...
02-07-12, 12:14 AM
#2
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10 percent of AGI floor makes it irrelevant in the vast majority of cases.
__________________
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
02-07-12, 12:21 AM
#3
pan y agua
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Also, you've got the $100 backwards: that's the deductible.
Additionally, the loss has to be out of the control of e taxpayer and not foreseeable: difficult
T tests for most bike crashes.
Net,net, it's not going to fly, and it may get you audited.
Additionally, the loss has to be out of the control of e taxpayer and not foreseeable: difficult
T tests for most bike crashes.
Net,net, it's not going to fly, and it may get you audited.
__________________
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
02-07-12, 12:41 AM
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well my guy will tell me yes or no. i was just wondering if anyone had actually done it
02-07-12, 08:31 AM
#5
pan y agua
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If your guy tells you yes, you need a new guy.
__________________
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
You could fall off a cliff and die.
You could get lost and die.
You could hit a tree and die.
OR YOU COULD STAY HOME AND FALL OFF THE COUCH AND DIE.
02-07-12, 09:29 AM
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02-07-12, 10:49 AM
#7
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So a new fork and a dented aluminum frame exceeds 10% of you adjusted gross income?
