We burned down an unwanted house for Tax Deduction! - Ford Powerstroke Diesel Forum
Video/Movie Forum Our Personal Video Gallery & Other Video Links, Discussion, Support, Promotion, ect...

Powerstroke.org is the premier Diesel Truck Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 01-15-2011, 01:23 PM
Member
 

Join Date: Aug 2008
Posts: 37
Thanks: 0
Thanked 0 Times in 0 Posts
Feedback Score: 0 reviews
We burned down an unwanted house for Tax Deduction!

Hi Folks: This is a video of the burning of a small farm house that we owned in Madison County in the western part of North Carolina. We donated the house to the local fire department to burn down for practice. The house was 75 years old at the time and in very bad condition. It has been built by poor farmers who did not have to worry about building codes or inspectors. The house looked pretty good from a distance but every part of the house needed to be rebuilt. The uphill end of the house sat directly on the dirt and was badly damaged by termites. The downhill end sat on dry stacked piles of stones. The roof had multiple layers of asphalt shingles covered by a layer of tin. Every board in the fascia, soffit and siding was rotten on the ends. To make a long story short the house needed just about everything replaced from top to bottom.

To qualify for a charitable tax deduction we had to have the house appraised and we had to get a letter from the fire department stating how much the house was worth to them as a training exercise. We were able to deduct the lesser of the two amounts as a charitable deduction on our income taxes. If you would like to have one of your buildings burned down I suggest that you talk to your accountant or tax attorney first.
Here is the link:


Good Luck, Mars
Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Reply

Tags
deductions, fire, taxes

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Ford Powerstroke Diesel Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 11:25 AM.


Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.1
Garage Plus, Vendor Tools vBulletin Plugins by Drive Thru Online, Inc.

vB.Sponsors