FinShaggy (OP)
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September 16, 2013, 02:58:23 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff.
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If everyone is thinking outside the box, there is a new box.
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rampantparanoia
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September 16, 2013, 03:02:00 AM |
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<- Texan. 1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. there's a thing called GAAP you must follow if you intend to declare taxes (and I suggest you set up a business, or at least a DBA, as the IRS will teach you how to hold your ankles for dear life if you fail to pay taxes on significant income >$600) honestly, in today's economy folks are struggling going paycheck to paycheck. most folks aren't even considering long term investments because they have to feed themselves or their children & pay bills. though you could try this out, and i'm not trying to discourage you, just know that demand may not be as strong as you are expecting. in my experiences, being from texas is enough - we don't need mementos to know where we call home
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ProfMac
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September 16, 2013, 03:12:33 AM |
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... in my experiences, being from texas is enough - we don't need mementos to know where we call home
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I try to be respectful and informed.
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surebet
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September 16, 2013, 03:28:58 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. You see, this is why I hate arguing against burnt out stoners. Your original premise was that silver > dollars because it would simplify taxes. But then, you turn around and say "ooh, receipts". Dude. DUDE.
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FinShaggy (OP)
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September 16, 2013, 03:34:01 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. You see, this is why I hate arguing against burnt out stoners. Your original premise was that silver > dollars because it would simplify taxes. But then, you turn around and say "ooh, receipts". Dude. DUDE. My point is that taking something and turning it into art, will be simpler than keeping it in a bank and doing taxes on it every year.
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If everyone is thinking outside the box, there is a new box.
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surebet
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September 16, 2013, 03:58:47 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. You see, this is why I hate arguing against burnt out stoners. Your original premise was that silver > dollars because it would simplify taxes. But then, you turn around and say "ooh, receipts". Dude. DUDE. My point is that taking something and turning it into art, will be simpler than keeping it in a bank and doing taxes on it every year. Have you ever produced a tax declaration? You'd appreciate the absurdity you just said.
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FinShaggy (OP)
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September 16, 2013, 05:15:50 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. You see, this is why I hate arguing against burnt out stoners. Your original premise was that silver > dollars because it would simplify taxes. But then, you turn around and say "ooh, receipts". Dude. DUDE. My point is that taking something and turning it into art, will be simpler than keeping it in a bank and doing taxes on it every year. Have you ever produced a tax declaration? You'd appreciate the absurdity you just said. People have to do taxes on art? So if I were to go make a statue out of marble, would I have to pay on that marble like an investment?
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If everyone is thinking outside the box, there is a new box.
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surebet
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September 16, 2013, 11:43:19 AM |
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1. you need to keep track of every individual transaction between dollars and silver
2. then figure out your gains or losses investment wise.
1. Oh god, keeping receipts, what a nightmare. And in the age where every company sends you an email, and every phone is a camera. What ever will I do? 2. Only if I sell the silver. If I keep the silver until the sun explodes, I should be fine just putting that I bought it. I am not buying it as an investment, I am buying it for artistic purposes. I'm making my own stuff. You see, this is why I hate arguing against burnt out stoners. Your original premise was that silver > dollars because it would simplify taxes. But then, you turn around and say "ooh, receipts". Dude. DUDE. My point is that taking something and turning it into art, will be simpler than keeping it in a bank and doing taxes on it every year. Have you ever produced a tax declaration? You'd appreciate the absurdity you just said. People have to do taxes on art? So if I were to go make a statue out of marble, would I have to pay on that marble like an investment? I do not believe that marble is a publicly traded commodity, so unrealised gains are probably not eligible to taxation or tax credits, but the second you sell that shit, you sure do sparky.
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edd
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September 17, 2013, 06:54:46 PM |
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... in my experiences, being from texas is enough - we don't need mementos made by a non-Texan solely for the purpose of cashing in on "Texas spirit" to know where we call home
FTFY. By the way, I'm also Texan, born and raised.
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Still around.
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QuestionAuthority
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You lead and I'll watch you walk away.
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September 17, 2013, 07:00:23 PM |
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... in my experiences, being from texas is enough - we don't need mementos made by a non-Texan solely for the purpose of cashing in on "Texas spirit" to know where we call home
FTFY. By the way, I'm also Texan, born and raised. The stars at night are big and bright - clap, clap, clap, clap ____________________.
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edd
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September 19, 2013, 02:10:14 PM |
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... in my experiences, being from texas is enough - we don't need mementos made by a non-Texan solely for the purpose of cashing in on "Texas spirit" to know where we call home
FTFY. By the way, I'm also Texan, born and raised. The stars at night are big and bright - clap, clap, clap, clap ____________________. We all thought it. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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Still around.
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QuestionAuthority
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Activity: 2156
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You lead and I'll watch you walk away.
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September 19, 2013, 04:12:16 PM |
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... in my experiences, being from texas is enough - we don't need mementos made by a non-Texan solely for the purpose of cashing in on "Texas spirit" to know where we call home
FTFY. By the way, I'm also Texan, born and raised. The stars at night are big and bright - clap, clap, clap, clap ____________________. We all thought it. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) You fought the urge to complete the sentence. I'm impressed! I've never met a Texan and said that in front of them without having them complete it. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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