Most people do not realize that you can get three times the value and possibly loophole your way around paying sales & income taxes legally.
When that lawn mower is just too big and your dreams are different from when you bought it… trade it for new dreams to grow like the seeds of your past once did. Let the next decade be salvaged from the past you no longer need to create a future you always dreamed of instead of storing the past in your garage, closet, or head.
Yes, suppose you had a big yard lawn mower you did not need anymore and wanted to sell it to help fund your plans to build a tiny house or two. Some are ready to trade situation, conditions, and thus have treasure. For example, the big backyard that will not need the lawnmower anymore, and you could take what would sell for $600 and get $2,000 worth of building materials instead? That would be the doors, windows, jambs, trim, flooring, beaded wood, or other things you need to create a tiny house instead of owning a seldom used expensive grass-killing machine. You barter as an exchange of trash for one person, which you did not sell and profit from to trade for another person’s trash that they are not going to charge you a dollar for and the value, once you put it into a tiny house for your parents or kids, is priceless.
Can’t tax priceless since you will be able to use your labor and friends who will not be paid. That helps determine value, such that your pile of well-organized trash will be a tax-free home, or at worst, a portable building created out of salvage, thus deserving of the 50% reduction in taxable value. To identify that you need an expert written appraisal or evaluation, or even IRS will not value it for a donation to a non-profit that you could write off. In fact, if you build it with salvage you got for free, your labor, and sell it, IRS will consider it 100% Pure Profit, gross though it might be, subject to taxes unless you can write off great expenses against them.
On the other hand, if you built a tiny organic cottage by piling up trash and salvage in a very functional way that I call House Art, and that display was such that you could sleep in it at night but not live in it by day, is it a home or simply a place you stay? What is in a definition anyway? Everything that the law can say must be defined in certain ways so that the courts can then define if you broke the law and deserve to be fined. Tax is fine on our fine work, trash, and imagination if you sell, but not necessarily if you trade it for a trashy truck, or so the owners say as they throw the title your way. In turn, the cottage or the parts will give both of the people a start at creating dreams from others trash instead of taxes for the cash.
If you had bought it from a lot where they sell Tiny Houses On Wheels a lot and park it for a while to live, then sell it if you can or give it to someone to sell it if you wrote it off, guess what? You may owe tax on that. Did you depreciate your home, car, or truck? If you did and you sell, then you could get stuck. Taxes for recaptured depreciation can be stunning on houses and things like portable buildings that you bought and wrote off over 10 years. If you do not sell it but give it away, and it’s worth $50,000 for estate taxes days, then IRS will expect their cut from either you or the kids who got it. $15,000 if valued but then, they need a good appraisal or a sale to prove their need. If you do not sell that thing that makes an income, BnB, and as a portable building, does not pay the Hotel/Motel tax in this state (Texas).
Loopholology then says to me that if I do not sell but give it to my kids if I had some when all depreciation was done, a worthless gift that they might use for a lifetime to store more for you. Memories of helping build a tiny house to move into as a teen and live through perhaps more than college kept for life in the store. Grandkids share the memories of how you built the place for free. Trading where you get the most, triple rather than the cost, but better yet, the pieces for the dreams imagine, yet in store, for you to create instead of bored upon a lawn mower, maybe more that you could trade instead of store. What kayaks, tractors, cars, or trucks do you need to trade to get the stuff to build your next life, salvage enough, to transform it into the right stuff. Forget garage sales. Call with a list and check to see what you need most. Draw you pictures of the home, tiny or perhaps with more. Create a village with your own things that can trade for triple value now.
Barterthon month to create Independence, Freedom, and a way to pursue happiness in the future using barter instead of cash, savings, and mix to get the things you want to create your destiny. Please feel free to subscribe and send your list of what you need and what you might want to barter at a triple value that you could sell it for in many cases, some even more. Millions of things to choose from that are the finest in the land. Hardware, windows, doors, and plans. What do you want to trade for your dreams that no longer serve a purpose due to how your life has changed? Let me know once you subscribe to show you all the stuff that you could have. Leave a heart when you start on the 550 articles that await to show you how to start right now and later celebrate.
Blessings to your dreams today. May they manifest in a spectacular way. May you share the chance, perhaps with your ride in a truck with a trailer full of things to trade. I have houses you can stay in while you shop the day away and trade for hardware, doors, and windows to carry far away. Build your dreams in other places using those old things left behind by others for you to use as wings. Fly high and see your visions well, draw or list the things you need. List the treasures that did fade that you could use to make the trade. You might be amazed at how much you could carry away, quite likely having to come back to finish taking it all on another day.
Don’t let your dreams get away. Act today to barter your way to the manifestations that few get to say they did. Opportunity with proper action leads to prosperity. Paid subscribers get more too: for more information of being one of the few who get to come to the week at the end of July, or more. Discounts, and consultation for paying subscriptions as well as article focuses to research your questions and give great answers, suggestions, and solutions for your situation or thoughts.
[email protected] for more information of being one of the few who get to come to the week at the end of July, or more. Discounts, and consultation for paying subscriptions as well as article focuses to research your questions and give great answers, suggestions, and solutions for your situation or thoughts.