Alaska Darin Posted January 24, 2005 Share Posted January 24, 2005 They work a loophole in the tax code. Apparently you don't need to pay taxes if you lease your house out for less than 15 days, so they "lease" the property for whatever the amount is....it could lead to troubles...we'll see...http://64.233.161.104/search?q=cache:00PlG...+loophole&hl=en 217278[/snapback] Up next: "Extreme Makeover - raising cash to pay back taxes" edition. ABC is going to look pretty bad if these people are in six figure hock to the IRS. Link to comment Share on other sites More sharing options...
Just Jack Posted January 24, 2005 Share Posted January 24, 2005 only saw part of it . fell a sleep .hope they show it some other time 217302[/snapback] Tonight is the "How did they do that" edition, where they show some of the behind the scenes stuff. Now that I think about it, I believe it was one of those shows where I heard the $500K number. Link to comment Share on other sites More sharing options...
mead107 Posted January 24, 2005 Share Posted January 24, 2005 Tonight is the "How did they do that" edition, where they show some of the behind the scenes stuff. Now that I think about it, I believe it was one of those shows where I heard the $500K number. 217312[/snapback] thanks jack Link to comment Share on other sites More sharing options...
stevestojan Posted January 24, 2005 Share Posted January 24, 2005 I'll tell ya right now, unless that house was built in the middle of North Dakota, there is NO WAY it was built for $500,000... I'm thinking closer to $2 - $3Million. The Sears bill alone was probably close to $60,000.. . Link to comment Share on other sites More sharing options...
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