Posted by LAA on April 04, 2012 at 07:44:57 from (86.51.147.113):
In Reply to: Re: Cash sale posted by Tom-NorthCenTX on April 04, 2012 at 06:39:34:
I have plenty of respect for the man -- did you not read that I have known him for 40 years? Who said I kept asking him for what he did not want to give? Where did you learn reading comprehension? I did not argue with his terms of sale, I did not buy because of the chance, hopefully slim, that I am audited in which case I want to be able to prove a deduction. My whole point was that I have never heard of anyone who sells a piece of personal equipment being liable for income tax on the sale. Same as if you sold your lawn mower or pick up truck.
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