Harry, Needless to say, I'll defer to your interpretation with those credentials. I'm just a retired airline pilot who got an MBA and CFP designation, but never took advantage of either except for my own personal use. In that I never kept up through CEU courses, my information is, at best, dated. Thanks for your inputs. Jim
On Tuesday, January 6, 2015 8:38 AM, "harry.porter@verizon.net [vpFREE]" <vpFREE@yahoogroups.com> wrote:
There's a wide range of things in this universe that we can't know for sure.
I take a little more stock in my own background (Wharton degree, corporate finance career) than most off the cuff opinions.
When it comes to personal returns and the IRS, cash flow is going to largely rule the day.
---In vpFREE@yahoogroups.com, <bornloser1537@...> wrote :
Bottom line, unfortunately, is no matter how much reasonable logic we may put to this question, it is a matter of how the IRS would see this.
And even more unfortunately, there is no way that we can know what the IRS would think.
And, even more and more unfortunately, is the fact that if you ask them, the answer will vary with whom you might ask and when you might ask them,
..... bl
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Posted by: Jim Engstrom <jimengstrom1@yahoo.com>
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