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

[rjohnston at TechAngle.com]

Makes sense to me.


----- Original Message -----
From: "Jef Barnhart" <jef at batky-howell.com>
To: <clue-admin at clue.denver.co.us>
Sent: Thursday, June 13, 2002 12:36 PM
Subject: Re: [CLUE-Admin] CLUE Trade Name & Checking Account --> problems!


> 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.
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