Ronnie
Jetboaters Fleet Admiral
- Messages
- 8,775
- Reaction score
- 12,185
- Points
- 667
- Location
- SF Bay Area
- Boat Make
- Yamaha
- Year
- 2010
- Boat Model
- Limited S
- Boat Length
- 24
Our buyer is paying cash/not taking out a loan and declared the entire purchase price to the brokers and agents involved. It’s all above board, Uncle Sam and his cousin in California will get their full cuts. We caught a break earlier this week in that we got our sellers to drop the purchase price by $25k to cover the cost of recommended repairs so that’s a $25k reduction in the taxable basis.