[ARC5] Re: ARC5 Digest, Vol 37, Issue 10 OT Drift

[J Forster]

If you sell real property or stocks, you have to fill out the damn
forms..

-John



         "D C *Mac* Macdonald" <k2gkk at hotmail.com>

  So who's going to tell the feds?

  Mac - K2GKK/5


  It's actually worse than that. If you have an asset that just keeps up

  with inflation and sell it after a number of years, you are liable for

  Capital Gains Tax, BUT the'Basis' is NOT adjusted for inflation.  You
  are taxed on inflation, pure and simple.

  -John