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#15
September 15th 06, 09:29 PM
posted to rec.aviation.homebuilt
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Tax consequences of selling a homebuilt.
On Thu, 14 Sep 2006 15:25:09 -0400, TxSrv wrote:
newsreader wrote: ... Informants? The IRS tactics sound more like the Gestepo and KGB, than a government agency. But it's good to know. Thanks for the tips on what to aviod. IRS is just the recipient of info supplied by "good citizens." Often people who do not report a transaction not on Form 1099 can't resist bragging to others about it. F-- Yes, good info. One might sell his plane, and learn to keep his mouth shut about it to everyone. I still wouldn't mention it at tax time. I'll take my chances. You take yours. But it will be the quietest sale in history. 
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