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https://www.reddit.com/r/misc/comments/1jp65y3/special_tax_code/mlfdwv0/?context=3
r/misc • u/PineappleDesperate82 • 8d ago
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7
That’s called adjusting a cost basis. So when it gets resold at $44B then taxes are due (again) on the increase.
How do you not understand by reducing the cost basis, you do not avoid taxes?
8 u/LongTatas 7d ago Surely it’s not worth 44B. How does that work when amount changes? 1 u/Qs9bxNKZ 5d ago Surely it is, based upon what people were paying for it when buying from insiders. Thats the only way to properly value something, how much someone is willing to pay.
8
Surely it’s not worth 44B. How does that work when amount changes?
1 u/Qs9bxNKZ 5d ago Surely it is, based upon what people were paying for it when buying from insiders. Thats the only way to properly value something, how much someone is willing to pay.
1
Surely it is, based upon what people were paying for it when buying from insiders.
Thats the only way to properly value something, how much someone is willing to pay.
7
u/Qs9bxNKZ 7d ago
That’s called adjusting a cost basis. So when it gets resold at $44B then taxes are due (again) on the increase.
How do you not understand by reducing the cost basis, you do not avoid taxes?