View Single Post
  #3  
Old November 19th 12, 11:25 AM posted to rec.aviation.soaring
Scott[_7_]
external usenet poster
 
Posts: 256
Default Dollar value declared on glider bill-of-sale

On 11-18-2012 20:17, John Cochrane wrote:


Your $28,000 canceled check is plenty of documentation for your own
capital gains basis. But then there is the matter of explaining to the
IRS agent investigating this guy why you signed a blatantly false
form.
John Cochrane


Cash is king, baby! $1000 in Ben Franklins and about 9 ounces of gold
(non-bullion) "other valuable consideration".