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Old 03-24-2006, 01:14 AM   #22
the_logos
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Join Date: Sep 2002
Location: Mill Valley, California
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This is exactly what I addressed previously in this thread, actually. Microsoft software is income property for it and thus the IRS treats MS as having sold said developer tool for $100 and then having donated $100 to charity. So, $100 in income and $100 in deduction, resulting in zero net tax implication.

The shiny axes would also be classified as income property and thus there would be no net tax implication.

Because one (your household junk) is classified as long-term capital gain property and one (said Shiny taxes) is classified as income property.
--matt
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