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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I don't think it matters a hoot.... Posted by Ward-CA- on June 16, 2003 at 10:17 AM In Reply to: Title Holding Trust posted by JC on June 15, 2003 at 6:44 PM : As we grow we have not been purchasing our Jr. Bene's in a title holding trust. We have 12 Jr. Bene's in the chute some are held in the LLC with investor pool funds and some are held in our "S" Corporation. Is there any chance that we would be classified as a dealer tax wise? We certainly don't want to get hit with taxes all of a sudden. JC, La Quinta, Ca =•=•=•=•=•=•=•=•=•=•= JC, I don't think it matters a hoot, as far as income tax is concerned, how you hold title to your notes. So I wouldn't shift the way you're currently holding them on that score. I am only aware of a tax break if you hold your investments for the long term, a year or more. If that's the case then there's really no extra tax if you hold your investments short term. You just pay the ordinary income tax levied at your income level. I think the long term capital gains tax rate amounts to half of your ordinary tax rate. Hope this helps. Follow Ups: Re: I don't think it matters a hoot.... Lughead 8:59 PM, 06/16/03 (1) Re: I don't think it matters a hoot.... jenv 3:12 AM, 06/24/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : As we grow we have not been purchasing our Jr. Bene's in a title holding trust. We have 12 Jr. Bene's in the chute some are held in the LLC with investor pool funds and some are held in our "S" Corporation. Is there any chance that we would be classified as a dealer tax wise? We certainly don't want to get hit with taxes all of a sudden. JC, La Quinta, Ca : =•=•=•=•=•=•=•=•=•=•= : JC, : I don't think it matters a hoot, as far as income tax is concerned, how you hold title to your notes. So I wouldn't shift the way you're currently holding them on that score. : I am only aware of a tax break if you hold your investments for the long term, a year or more. If that's the case then there's really no extra tax if you hold your investments short term. You just pay the ordinary income tax levied at your income level. I think the long term capital gains tax rate amounts to half of your ordinary tax rate. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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