Reply to "www.MangoSmoothie.ca"

dlearl476

@Stan Galat posted:

I've got the world's most conservative CPA, but I think that's a perfectly defensible business purchase.

I have a buddy who quit HP right as the economy started tanking in 2007. He asked his CPA how he could stop the bleeding from his 401K.
“Tangible Assets.”

”What that?” he asked.

“You know, art. Stuff like that.”

So he buys a Ducati Desmodici.* He ended up making $10K off of it.

*For those that don’t know, a DD was Ducati’s MotoGP bike, made street legal. 190hp 4 valve 4 cylinder (V4) monster

12/7/215:46 PM

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