What does that mean? Are you hedging...? David Ilvedson, RPT Pacifica, CA 94044 Original message From: PAULREVENKOJONES at aol.com To: pianotech at ptg.org Received: 12/6/2008 3:06:33 PM Subject: Re: [pianotech] (no subject) or securitize-able In a message dated 12/6/2008 9:29:32 P.M. Central Standard Time, davidlovepianos at comcast.net writes: Only if it's a stock. David Love www.davidlovepianos.com -----Original Message----- From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of David Ilvedson Sent: Saturday, December 06, 2008 6:59 PM To: pianotech at ptg.org Subject: Re: [pianotech] (no subject) These are good people and I don't think fraud is their angle. They gave some examples of appraised value and what they could do tax wise...my post was about the tax angle. I didn't think someone selling personal property could take a loss in value as a tax write-off. I still don't think so... David Ilvedson, RPT Pacifica, CA 94044 ----- Original message ---------------------------------------- From: "Kendall Ross Bean" <kenbean at pacbell.net> To: <pianotech at ptg.org> Received: 12/6/2008 12:59:52 PM Subject: Re: [pianotech] (no subject) >Perhaps I missed something, but it is not at all clear to me why many seem >to be automatically assuming that the communication from David Ilvedson's >customer below is soliciting some sort of fraudulent behavior. >I simply don't have have enough information to make that assessment. >I don't know, for instance, what preceded this communication, or if the >customer had any basis (like a prior appraisal or valuation of some sort on >the piano in question) for the figures he is quoting. Perhaps he also has >some figures from his accountant that he is trying to work with. I mean, he >does say "If the appraisal was [this figure], or if the appraisal was >higher..." which to me seems to acknowledge that he doesn't assume what the >appraised value will be. >Perhaps David Ilvedson could cast some more light on the circumstances >surrounding this "snapshot" he has given us. >David Love commented in a recent post on this particular situation, "I do >appraisals but I don't fill in numbers on request. The appraisal must be >based in some kind of reality." I think most of us here would subscribe to >that. >But to me it is not at all clear that that is what this customer is trying >to do. >I can see ways that a person writing this could be legitimately and legally >trying to minimize the amount of taxes he has to pay. Don't we all try to do >that? >If I understood the initial post correctly, David Ilvedson simply commented >that he didn't see how a person selling a piano (rather than donating it in >its entirety) could also claim a tax deduction on it. It seems some are >assuming that that is not possible, but I'm not at all sure that is the >case. >It also seems that some are assuming, from this limited communication, that >the customer is trying to tell the appraiser what they would like the piano >appraised at. Like I say, based on the limited "snapshot" we have been >given, that is not at all clear to me. I would need more information before >deciding "not to touch this with a thirty-nine foot pole". >In recent years, I have become a lot more careful about assuming that I know >a person's intent. >Like I say, maybe I am missing something here that others can plainly see. >(Wouldn't be the first time! ;-) ) >Perhaps someone could fill me in. >Sincerely~ >Kendall Ross Bean >~PianoFinders >-----Original Message----- >From: Ron Nossaman [mailto:rnossaman at cox.net] >Sent: Friday, December 05, 2008 1:39 PM >To: David Ilvedson; pianotech at ptg.org >Subject: Re: [pianotech] (no subject) >David Ilvedson wrote: >> >> >> I have a customer who emailed me the following: >> >> "Thanks for your reply. Because of how taxes work, if we could get a >> written appraisal on the piano of $20,000.00-$25,000.00 we could sell >> the piano for less and then "write off" the remainder. For example, if >> the appraisal was $20,000.00 we would sell the piano for about >> $15,000.00 and if the appraisal was higher we would sell it for even less. >" >> >> Does that sound right? I don't see how they can write off a personal >> sale...???? >> >> >> David Ilvedson, RPT >Why not appraise it at $40k, and offer to haul it off for them? >I'd wish them luck with whoever their appraiser finally turns out to be, >draw the drapes, turn out the lights, and check the caller ID before >answering the phone for a while. >Ron N Make your life easier with all your friends, email, and favorite sites in one place. Try it now. -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech_ptg.org/attachments/20081206/e4ae307a/attachment.html>
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