Quote:
Originally Posted by Syndrome
Hey Rakesh ,
I am assuming you also have to deal with the non SC resident sellers affidavit form I295 and 7% tax withholding for capitol gains as well ? DANG South Carolina !
We did have a gain on our selling price vs our purchase price , including subtracting commission, but if I figure in the yearly annual fees for 5 years , we come out with a loss . I think I am doing this right ? May have to talk to my accountant or attorney .
Didnt see this one coming ! Dang SC wants a piece of everything !
Also, I noticed in our paperwork that I do not see where we were charged an estoppel fee ? Assuming because Disney ROFRed our contract , there is no estoppel fee ?
Just wondering if you were experiencing the same things ........
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Ok, got my papers. I did complete deduction of taxes and capital reserve and still have gain, I am happy I have gain but not happy with SC tax then federal taxes will have very little left in pocket. Yes no estopple fee as it was ROFRed.