wxs1986

actually these is one condition i did not cover, and it does not seem that you are required to know it

if your sale price is bellow BV, ie

sales price of 409404

you have a loss of 549404-4094-4=50000

i hope someone with more accounting know how can tell us how the authorities would treat that.

would say allow you to pay=50000*0.2 less in taxes assuming your taxes from opparations are greater than this?

would they give you 50000*0.2 in cash no mater what you other taxes are?

would they allow you to deduct it from your taxes in future years ?