Tag Archives: Assets

American Chopper Star Finances Revealed

Paul Teutul, in bankruptcy, recently disclosed some key finances. His assets including his car, boat, trailer, land and gun collection total a worth of over $411,673; his monthly expenses outweigh his income by roughly $4,000. The TV star has over … Continue reading

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Capital Losses

While the basics for capital gains apply to capital losses as well, there are a few special rules that apply to capital losses. First, you cannot deduct any losses that you incur as a result of selling your personal-use property. … Continue reading

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Capital Gains

Almost everything we own and use is a capital asset. Some examples are a home, household furnishings, stocks, or bonds. Any time a capital asset is sold, the difference between the selling price and what you paid for it originally … Continue reading

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Bankruptcy Crimes

A business owner was recently found guilty of bankruptcy fraud, a federal crime, for failing to disclose a transfer of an asset.  In his defense, the business owner stated he did not list the transfer because he did not feel … Continue reading

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