[CLUE-Admin] CLUE Trade Name & Checking Account --> problems!

[Jef Barnhart]

Jeff,

Option 1 would be the best. I agree with you and your cpa. we are not trying to make income for taxes.

Jef

> 1.  He recommended that we run the auction like a garage sale --> cash only and
> personal checks (written to me).  Under the current tax law, individuals are
> allowed tax free income gains via garage sales.  This would allow us to avoid
> paying taxes on the proceeds.