Comments on: PM Maliki: The Iraqi Dinar has all the reasons to grow stronger http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/ Info and news on the explosive potential of the IQD! Sat, 19 May 2012 16:24:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Milehigh http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3895 Milehigh Thu, 11 Mar 2010 12:15:41 +0000 http://dinarspeculation.com/?p=704#comment-3895 1. I dont think so. It seems that you would have to designate that it was a capital transaction on the date it was entered into. There is some gray area there for sure. But I just have a feeling that IRS would want to view it as ordinary income... and i guess my main point is you should plan that way. If it can be passed off as a capital transaction then fantastic, but i would certain plan at this point for it to be treated as ordinary income 1. I dont think so. It seems that you would have to designate that it was a capital transaction on the date it was entered into. There is some gray area there for sure. But I just have a feeling that IRS would want to view it as ordinary income… and i guess my main point is you should plan that way. If it can be passed off as a capital transaction then fantastic, but i would certain plan at this point for it to be treated as ordinary income

]]> By: dbk http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3864 dbk Wed, 10 Mar 2010 20:14:29 +0000 http://dinarspeculation.com/?p=704#comment-3864 Milehigh - 2 questions - 1. Does Section 988 only apply to currency transactions related to a trade or business? 2. What about the exclusion for personal transactions in 988(e)? Milehigh – 2 questions – 1. Does Section 988 only apply to currency transactions related to a trade or business? 2. What about the exclusion for personal transactions in 988(e)?

]]> By: Milehigh http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3839 Milehigh Wed, 10 Mar 2010 15:47:11 +0000 http://dinarspeculation.com/?p=704#comment-3839 wrong. Read code section 988 wrong. Read code section 988

]]> By: Jessica http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3812 Jessica Tue, 09 Mar 2010 21:16:36 +0000 http://dinarspeculation.com/?p=704#comment-3812 Ok, Milehigh, You may be a CPA but obviously, if you have to look stuff up, you may not know as much as you think b/c you can claim the money based on capital gain OR interest income. It is only ordinary income if your profession is based on buying and selling investments on an everyday basis from my research. Besides, I don't think Uncle Sam will care too much as long as he gets his cut. Ok, Milehigh,
You may be a CPA but obviously, if you have to look stuff up, you may not know as much as you think b/c you can claim the money based on capital gain OR interest income. It is only ordinary income if your profession is based on buying and selling investments on an everyday basis from my research. Besides, I don’t think Uncle Sam will care too much as long as he gets his cut.

]]> By: Milehigh http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3805 Milehigh Tue, 09 Mar 2010 16:11:12 +0000 http://dinarspeculation.com/?p=704#comment-3805 You guys are wrong about the capital gains tax by the way. Its not going to be taxed that way, it will be taxed as ordinary income (which subsequently will be the same as Short Term) The IRS will be incredibly agressive on this treatment I'm a CPA, trust me, we've looked into it You guys are wrong about the capital gains tax by the way. Its not going to be taxed that way, it will be taxed as ordinary income (which subsequently will be the same as Short Term) The IRS will be incredibly agressive on this treatment

I’m a CPA, trust me, we’ve looked into it

]]> By: nhan http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3803 nhan Tue, 09 Mar 2010 13:17:34 +0000 http://dinarspeculation.com/?p=704#comment-3803 this has been posted before this has been posted before

]]> By: Jessica http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3802 Jessica Tue, 09 Mar 2010 02:48:23 +0000 http://dinarspeculation.com/?p=704#comment-3802 Re-denominating the dinar thankfully has nothing to do with us losing value. On an up side however, it only justifies re-evaluating the dinar even more because of the necessity alone. Meaning, like many people have said before, who wants to carry a million one dinar notes to buy milk? This is great hope for us that our investment will pay off sooner than later! Go dinar! Re-denominating the dinar thankfully has nothing to do with us losing value. On an up side however, it only justifies re-evaluating the dinar even more because of the necessity alone. Meaning, like many people have said before, who wants to carry a million one dinar notes to buy milk? This is great hope for us that our investment will pay off sooner than later! Go dinar!

]]> By: Fortune & Glory http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3800 Fortune & Glory Mon, 08 Mar 2010 23:38:22 +0000 http://dinarspeculation.com/?p=704#comment-3800 The tax will either be short term or long term capital gains, if you convert some time this year. Short term capital gains is essentially the rate for your tax bracket. Long term capital gains is 15%. Now, Maliki at some point in the next six months should say we want the American military to stay on a bit more and Iraq will underwrite the cost and pay x billion a month for reparations. Should be no problem. Iraq stands to have as much oil as Saudi Arabia...so long as it is stable. Paying for stability ought to be worth it and it would come at a good time for this administration. The tax will either be short term or long term capital gains, if you convert some time this year.

Short term capital gains is essentially the rate for your tax bracket. Long term capital gains is 15%.

Now, Maliki at some point in the next six months should say we want the American military to stay on a bit more and Iraq will underwrite the cost and pay x billion a month for reparations.

Should be no problem. Iraq stands to have as much oil as Saudi Arabia…so long as it is stable. Paying for stability ought to be worth it and it would come at a good time for this administration.

]]> By: dwhite http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3798 dwhite Mon, 08 Mar 2010 19:56:29 +0000 http://dinarspeculation.com/?p=704#comment-3798 Since the CBI is dropping 3 zeros by the end of the year, does this mean my $1,550,000 will be $1,550 or what? Since the CBI is dropping 3 zeros by the end of the year, does this mean my $1,550,000 will be $1,550 or what?

]]> By: jenny http://dinarspeculation.com/2010/03/06/pm-maliki-the-iraqi-dinar-has-all-the-reasons-to-grow-stronger/#comment-3797 jenny Mon, 08 Mar 2010 18:37:50 +0000 http://dinarspeculation.com/?p=704#comment-3797 missed the chat other night, wanted to know how that went. What banks are we going to be able to go to once there is a rv? missed the chat other night, wanted to know how that went. What banks are we going to be able to go to once there is a rv?

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