David:
Do we all know the word "fraud"?
To solicit or create a value which is not a "fair market value" in order to cause a purported capital loss on the sale is fraud.
Paul
-----Original Message-----
From: David Ilvedson <ilvey at sbcglobal.net>
To: pianotech at ptg.org
Sent: Fri, 5 Dec 2008 2:23 pm
Subject: [pianotech] (no subject)
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
Pacifica, CA 94044
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