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<p>[QUOTE=&quot;scottishmoney, post: 396723, member: 12789&quot;]Are you aware of the tax implications of selling something like 400 K-rands?&nbsp; Say the buyer of this home sold them, he would then have to provide the IRS with proof of what he paid for them, and report his profit on them, as I am sure he made a profit on them.&nbsp; Then you get hit with a snarfy capital gains strike in the form of a monster tax bill.&nbsp; I am not sure of the implications of reporting given the nature of this transaction, but it may be an instance where you don&#039;t have to, because were you &quot;selling&quot; them, or just tendering them for a transaction?</p><p><br /></p><p>So by spending them in a transaction he potentially passed on that problem to the seller of the home, but the seller has no gain, just a reporting.[/QUOTE]</p><p><br /></p>

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