Off Topic “Hiding Assets”

[patientrenter]

contraman, not paying any taxes on the gain on sale of the properties, and transferring all the monies over to your 410k plan, is perfectly justified as long as your 401k plan was the legal owner of the properties.

How did your 401k take tax deductions on the interest and other expenses of property ownership before you sold? And how did you get a bank to lend money to your 401k to buy it in the first place?

I am fascinated by the idea that every wealthy person in the US is doing this, whatever THIS is.

Patient renter in OC

[contraman]

Renter,

Easy.

1) Qualify as an individual, down payment comes from the 401K Account.

2) Post closing, quit claim to Corp 401K Account.

3) Sell whenever, proceeds back to the 401K account.

4) No tax deductions on interest and tax payments as they come from the 401K.

5) No capital gains tax as it is under 401K rules…..

What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..

Sincerely, Contraman

[contraman]

Renter,

Easy.

1) Qualify as an individual, down payment comes from the 401K Account.

2) Post closing, quit claim to Corp 401K Account.

3) Sell whenever, proceeds back to the 401K account.

4) No tax deductions on interest and tax payments as they come from the 401K.

5) No capital gains tax as it is under 401K rules…..

What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..

Sincerely, Contraman

[contraman]

Renter,

Easy.

1) Qualify as an individual, down payment comes from the 401K Account.

2) Post closing, quit claim to Corp 401K Account.

3) Sell whenever, proceeds back to the 401K account.

4) No tax deductions on interest and tax payments as they come from the 401K.

5) No capital gains tax as it is under 401K rules…..

What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..

Sincerely, Contraman

[contraman]

Renter,

Easy.

1) Qualify as an individual, down payment comes from the 401K Account.

2) Post closing, quit claim to Corp 401K Account.

3) Sell whenever, proceeds back to the 401K account.

4) No tax deductions on interest and tax payments as they come from the 401K.

5) No capital gains tax as it is under 401K rules…..

What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..

Sincerely, Contraman

[contraman]

Renter,

Easy.

1) Qualify as an individual, down payment comes from the 401K Account.

2) Post closing, quit claim to Corp 401K Account.

3) Sell whenever, proceeds back to the 401K account.

4) No tax deductions on interest and tax payments as they come from the 401K.

5) No capital gains tax as it is under 401K rules…..

What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..

Sincerely, Contraman

[NeetaT]

“Sad. I feel sad when I read your post.

If your marriage was really “wonderful” for 7 years, why are you willing to accept what you feel is inevitable? Instead of working on hiding your assets, why not see a therapist? a couple’s counselor……….something.

Relationships have an energy to them as does everything else we participate in. Sometimes that energy feels easy and joyful and other times that energy feels very stuck or difficult. That is normal. Most people do not talk about their relationships honestly, so most of us have an idealized or romantic notion of what a relationship should be.

If you still feel love for your wife, then get thee to a marriage counselor and figure this out, no matter what has happened.

I wish you peace and joy on your journey. I wish you the ability to uncover that which has been difficult for you to see and deal with it honestly.”

I appreciate your reply and will adhere to your advice.

[NeetaT]

“Sad. I feel sad when I read your post.

If your marriage was really “wonderful” for 7 years, why are you willing to accept what you feel is inevitable? Instead of working on hiding your assets, why not see a therapist? a couple’s counselor……….something.

Relationships have an energy to them as does everything else we participate in. Sometimes that energy feels easy and joyful and other times that energy feels very stuck or difficult. That is normal. Most people do not talk about their relationships honestly, so most of us have an idealized or romantic notion of what a relationship should be.

If you still feel love for your wife, then get thee to a marriage counselor and figure this out, no matter what has happened.

I wish you peace and joy on your journey. I wish you the ability to uncover that which has been difficult for you to see and deal with it honestly.”

I appreciate your reply and will adhere to your advice.

[NeetaT]

“Sad. I feel sad when I read your post.

If your marriage was really “wonderful” for 7 years, why are you willing to accept what you feel is inevitable? Instead of working on hiding your assets, why not see a therapist? a couple’s counselor……….something.

Relationships have an energy to them as does everything else we participate in. Sometimes that energy feels easy and joyful and other times that energy feels very stuck or difficult. That is normal. Most people do not talk about their relationships honestly, so most of us have an idealized or romantic notion of what a relationship should be.

If you still feel love for your wife, then get thee to a marriage counselor and figure this out, no matter what has happened.

I wish you peace and joy on your journey. I wish you the ability to uncover that which has been difficult for you to see and deal with it honestly.”

I appreciate your reply and will adhere to your advice.

[NeetaT]

“Sad. I feel sad when I read your post.

If your marriage was really “wonderful” for 7 years, why are you willing to accept what you feel is inevitable? Instead of working on hiding your assets, why not see a therapist? a couple’s counselor……….something.

Relationships have an energy to them as does everything else we participate in. Sometimes that energy feels easy and joyful and other times that energy feels very stuck or difficult. That is normal. Most people do not talk about their relationships honestly, so most of us have an idealized or romantic notion of what a relationship should be.

If you still feel love for your wife, then get thee to a marriage counselor and figure this out, no matter what has happened.

I wish you peace and joy on your journey. I wish you the ability to uncover that which has been difficult for you to see and deal with it honestly.”

I appreciate your reply and will adhere to your advice.

[NeetaT]

“Sad. I feel sad when I read your post.

If your marriage was really “wonderful” for 7 years, why are you willing to accept what you feel is inevitable? Instead of working on hiding your assets, why not see a therapist? a couple’s counselor……….something.

Relationships have an energy to them as does everything else we participate in. Sometimes that energy feels easy and joyful and other times that energy feels very stuck or difficult. That is normal. Most people do not talk about their relationships honestly, so most of us have an idealized or romantic notion of what a relationship should be.

If you still feel love for your wife, then get thee to a marriage counselor and figure this out, no matter what has happened.

I wish you peace and joy on your journey. I wish you the ability to uncover that which has been difficult for you to see and deal with it honestly.”

I appreciate your reply and will adhere to your advice.

[NeetaT]

“What makes you guys automatically think his wife is a freeloader? NeetaT has not said whether his wife works or has assets of her own.”

She is far from being a free-loader. She worked hard during the marriage. I just don’t want a majority of the assets going to her and her new companion who she cares for more than me at this time.

[NeetaT]

“What makes you guys automatically think his wife is a freeloader? NeetaT has not said whether his wife works or has assets of her own.”

She is far from being a free-loader. She worked hard during the marriage. I just don’t want a majority of the assets going to her and her new companion who she cares for more than me at this time.

[NeetaT]

“What makes you guys automatically think his wife is a freeloader? NeetaT has not said whether his wife works or has assets of her own.”

She is far from being a free-loader. She worked hard during the marriage. I just don’t want a majority of the assets going to her and her new companion who she cares for more than me at this time.

[NeetaT]

“What makes you guys automatically think his wife is a freeloader? NeetaT has not said whether his wife works or has assets of her own.”

She is far from being a free-loader. She worked hard during the marriage. I just don’t want a majority of the assets going to her and her new companion who she cares for more than me at this time.

[Author]

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