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Sold Car / Paid Off Loan - Is it really an asset when car loan present?

 

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Subject Author Date
Sold Car / Paid Off Loan - Is it really an asset when car loan present? Justin 02-02-2007
Posted by Victor Roberts on February 10, 2007, 7:03 am
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> You're missing the main point.

Who is "you"?

You seem to have replied to your own post and did not
include any quoted material.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Stuart A. Bronstein on February 13, 2007, 2:27 am
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>> You're missing the main point.

> Who is "you"?
>
> You seem to have replied to your own post and did not
> include any quoted material.

I, too, wish Shyster would quote what he is responding to.
That has been a particular problem for people posting with
google, though they have change it now and quoting is easier
than it used to be.

Vic, he was apparently responding to your post that said,

> I'm not one of the many tax pros here but this whole
> discussion conflicts with my meager understanding of Pub
> 463. If the OP used the Standard Mileage Rate for a car she
> owned then it seems that the sale of the car is not relevant
> to her business taxes at all. She must have entered
> something incorrectly into TurboTax.

Stu

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Victor Roberts on February 13, 2007, 6:00 pm
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>>> You're missing the main point.

>> Who is "you"?
>>
>> You seem to have replied to your own post and did not
>> include any quoted material.

> I, too, wish Shyster would quote what he is responding to.
> That has been a particular problem for people posting with
> google, though they have change it now and quoting is easier
> than it used to be.
>
> Vic, he was apparently responding to your post that said,

Thanks Stu.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Shyster1040 on February 13, 2007, 11:26 pm
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>> You're missing the main point.

> Who is "you"?
>
> You seem to have replied to your own post and did not
> include any quoted material.

I, too, wish Shyster would quote what he is responding to.
That has been a particular problem for people posting with
google, though they have change it now and quoting is easier
than it used to be.

Vic, he was apparently responding to your post that said,

> I'm not one of the many tax pros here but this whole
> discussion conflicts with my meager understanding of Pub
> 463. If the OP used the Standard Mileage Rate for a car she
> owned then it seems that the sale of the car is not relevant
> to her business taxes at all. She must have entered
> something incorrectly into TurboTax.

Stu

To all whom I have offended, my sincere apologies.

The site I generally go through, www.talkabouttaxes.com,
does not (as far as I can tell) provide a quotation
mechanism for the post that is being responded to.
Typically, I try to do cut-n-paste for the material I'm
responding to, but I don't always remember to do so.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Stuart A. Bronstein on February 14, 2007, 10:02 pm
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> To all whom I have offended, my sincere apologies.

I doubt anyone was offended. Sometimes it's just hard to
follow what's going on if you don't quote what you are
responding to.

> The site I generally go through, www.talkabouttaxes.com,
> does not (as far as I can tell) provide a quotation
> mechanism for the post that is being responded to.
> Typically, I try to do cut-n-paste for the material I'm
> responding to, but I don't always remember to do so.

If you use groups.google.com there's an option that
automatically quotes. Or you could use a real news reader -
check out http://news.individual.net/ - the cost is nominal
and they do a great job. (Well, they don't carry any of the
binary groups, so no photos. But aside from that.)

Stu

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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