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<p>[QUOTE="charley, post: 24481027, member: 5372"]Tax exemption: She can file as a business expense. No age limit. She can file a Schedule C, and take deductions for 3 years before she has to reflect a profit. You can make a generational wealth gift to her, and you do not have to pay taxes. She can also list the gift as an asset, take a personal loan against it, and then pay herself back with interest and deduct the interest.</p><p><br /></p><p>She could also lease it instead, and the world gives haer a lot of free stuff with that taxwise...deduction for loss/damage, cost of insurance, cell phone use charges....</p><p><br /></p><p>I LOVE THE U.S. TAX CODE!!!!</p><p><br /></p><p>Start em' young, I say.</p><p><br /></p><p>Hey, while I am thinking about it, she could file as an LLC and you can take an investment position, and...</p><p>Ok. I will stop. Point made.</p><p><br /></p><p>I love America....</p><p><br /></p><p>Wait a minute, she could then form a Trust, and list the phone as a Trust asset on Schedule of Assets and then lease it back from the Trust and.....[/QUOTE]</p><p><br /></p>
[QUOTE="charley, post: 24481027, member: 5372"]Tax exemption: She can file as a business expense. No age limit. She can file a Schedule C, and take deductions for 3 years before she has to reflect a profit. You can make a generational wealth gift to her, and you do not have to pay taxes. She can also list the gift as an asset, take a personal loan against it, and then pay herself back with interest and deduct the interest. She could also lease it instead, and the world gives haer a lot of free stuff with that taxwise...deduction for loss/damage, cost of insurance, cell phone use charges.... I LOVE THE U.S. TAX CODE!!!! Start em' young, I say. Hey, while I am thinking about it, she could file as an LLC and you can take an investment position, and... Ok. I will stop. Point made. I love America.... Wait a minute, she could then form a Trust, and list the phone as a Trust asset on Schedule of Assets and then lease it back from the Trust and.....[/QUOTE]
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