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Posted by: themaster ( )
Date: November 01, 2013 04:27PM
TBM FIL cheats on Tithing (?)

This was a real shocker to me. My TBM FIL and his wife each year buy a cheap piece of Utah property that has a high sales price on it but a really low cash price.

They then donate the property as in kind as tithing to TSCC for the inflated value and use the receipt from TSCC as a tax donation off their taxes.

What I want to know is why the fukk has he not told me about this great scam.



Edited 1 time(s). Last edit at 11/01/2013 04:27PM by themaster.

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Posted by: Cornelius ( )
Date: November 01, 2013 05:18PM
Re: TBM FIL cheats on Tithing (?)

I saw this with stocks all the time when I used to prepare taxes. If someone has stocks that have appreciated in value, they will donate those for tithing instead of cash so they can deduct the value at full price without having to recognize the capital gains on their taxes.

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