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136Likes

03-03-2016, 03:31 PM
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Senior CC Premier Member
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Join Date: Nov 2004
Location: SoCal,
CA
Cobra Make, Engine: CSX #4xxx with CSX 482; David Kee Toploader
Posts: 3,574
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Not Ranked
Quote:
Originally Posted by patrickt
Uhhh, and I recall you showed him how to take the loss as a full credit against his taxes owed for that year, right? That's why bernica needs you. 
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I don't intend to lose a dime on my car and it's not for sale (sh_t, I sound like Evan!), so I am in no need for tax write off advice, at least as the car goes. 
__________________
All that's stopping you now Son, is blind-raging fear.......
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03-03-2016, 03:34 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by Bernica
I don't intend to lose a dime on my car and it's not for sale (sh_t, I sound like Evan!), so I am in no need for tax write off advice, at least as the car goes. 
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You'll have to forgive Patrick. He seems to be myopically focused on fee income and tax write-offs right around the March 15th tax filing deadline.
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03-03-2016, 03:34 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by Bernica
I don't intend to lose a dime on my car and it's not for sale (sh_t, I sound like Evan!), so I am in no need for tax write off advice, at least as the car goes. 
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Just because it's not for sale doesn't mean you won't sell it. All it takes is for Melania to lay eyes on it, claim she can't live without it, and *poof* it's going to be out of your garage one way or another. 
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03-03-2016, 03:42 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
Just because it's not for sale doesn't mean you won't sell it. All it takes is for Melania to lay eyes on it, claim she can't live without it, and *poof* it's going to be out of your garage one way or another. 
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I looked at Bernica's CSX4250 before he bought it. The car was owned by a gentleman in Los Gatos. Bernica is sitting on quite a paper profit.
I should have bought it. It would have saved me a ton of money in the long run. Unfortunately, this polished POS in the garage caught my eye. Thank goodness for the money tree in my backyard. 
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03-03-2016, 03:49 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Actually, having someone come up and offer me a ridiculous amount of money for my car is a fear of mine. I just don't think I could ever sell her, at any cost, but we all know that's just not reality.
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03-03-2016, 03:53 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
Actually, having someone come up and offer me a ridiculous amount of money for my car is a fear of mine. I just don't think I could ever sell her, at any cost, but we all know that's just not reality.
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It's definitely not reality. No one would offer a ridculous amount of money for a beige Cobra. Beige Lexus? Maybe. Beige Cobra. 
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03-03-2016, 03:57 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by RodKnock
It's definitely not reality. No one would offer a ridiculous amount of money for a beige Cobra.
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Let's hope so.  But if that ever happened, I know who I'm calling for tax treatment....
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03-03-2016, 04:29 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
Let's hope so.  But if that ever happened, I know who I'm calling for tax treatment....
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I hear H&R Block is pretty good.
Bernica, did your friend check to see if the cash was counterfeit first?
And here in Silicon Valley, that better be Jeremy Irons showing up with those 14 dump trucks full of gold bars, if they'll be wanting to buy one of our homes. 
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03-03-2016, 03:55 PM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by patrickt
Actually, having someone come up and offer me a ridiculous amount of money for my car is a fear of mine.
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Live. Fate loves the fearless. 
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03-03-2016, 03:57 PM
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Senior CC Premier Member
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Join Date: Nov 2004
Location: SoCal,
CA
Cobra Make, Engine: CSX #4xxx with CSX 482; David Kee Toploader
Posts: 3,574
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Not Ranked
A friend of mine was out watering his lawn one day and a big Mercedes pulled up and asked "how much for the house"? He said "not for sale". Then they opened the trunk and showed him grocery bags full of cash. So much he gave them the furniture and handed them the keys. He now lives somewhere else and is quite happy! 
__________________
All that's stopping you now Son, is blind-raging fear.......
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03-03-2016, 03:49 PM
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Senior CC Premier Member
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Join Date: Nov 2004
Location: SoCal,
CA
Cobra Make, Engine: CSX #4xxx with CSX 482; David Kee Toploader
Posts: 3,574
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Not Ranked
Quote:
Originally Posted by patrickt
Just because it's not for sale doesn't mean you won't sell it. All it takes is for Melania to lay eyes on it, claim she can't live without it, and *poof* it's going to be out of your garage one way or another. 
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I know several "Melania's". Just look at my avatar or photo gallery.
I have heard it all..." I must have this car and going to call my boyfriend to buy for me!" No, it never happens.  
__________________
All that's stopping you now Son, is blind-raging fear.......
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