Author Topic: THE STABLE @ CA  (Read 133367 times)

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Iceman

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Re: THE STABLE @ CA
« Reply #1470 on: January 15, 2021, 06:23:11 PM »
actually its not another fake name- Iceman - I read your posts - and I knew your purported friend, Bill Wellwood, all the way back to Moko N and Armstead Jim.  Since you claim to know him, that should be enough obscure horse names  to let you know that you arent the only person who's been around for "quite some time". 

Since its a scam, set it up then so it isn't - and let us critique your (plural as its not just you sir) abilities etc.,   

Those who can do, those who cant sit on haybales at 4 fucking 30 in the morning and just are ultracrepidarians

(and if Lance or the coon chime in, it isnt me - for the record).
If you had been following this I got out mid 80's because I wasn't going to load horses up just to beat those who did. The horses gave me thrills, disappointment, and the life I have today and no way was I going to use drugs on them.

Brown jug

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Re: THE STABLE @ CA
« Reply #1471 on: January 15, 2021, 06:36:36 PM »
calhoun
don't know if you are canadian or american
in canada it is called net farming income
line #14100 on the tax return

Iceman

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Re: THE STABLE @ CA
« Reply #1472 on: January 15, 2021, 06:41:55 PM »
Brown jug he's a Yank and from what some have said was probably out of Michigan or had some connection to Michigan but who knows.

the real doctor

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Re: THE STABLE @ CA
« Reply #1473 on: January 15, 2021, 07:55:33 PM »
yes, line 14100
wouldnt an owner in this venture be considered a gentleman farmer so deductions (since apparently no one makes money) are limited or non - existent and to a maximum of X  ? ($8750 I believe as their income or lackthereof is not primarily from this venture)?


Brown jug

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Re: THE STABLE @ CA
« Reply #1474 on: January 15, 2021, 08:23:15 PM »
golf is correct
with many many owners on a horse (10,20,30 or more) no one has enough clout to make a decision for all the others so it defaults to amac even though he likely has no shares in the horse so he does what is likely best for his interests in the stable to keep people paying

LUCPARK

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Re: THE STABLE @ CA
« Reply #1475 on: January 15, 2021, 08:32:46 PM »
golf is correct
with many many owners on a horse (10,20,30 or more) no one has enough clout to make a decision for all the others so it defaults to amac even though he likely has no shares in the horse so he does what is likely best for his interests in the stable to keep people paying
tmbz1

Plus no owners are allowed to talk to each other about their horses

Everything goes thru Mac

REAL AMERICANS DONT TAKE A KNEE

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Re: THE STABLE @ CA
« Reply #1476 on: January 16, 2021, 01:53:59 AM »
As far as tax reporting goes if your in America with shares of horses with the stable there are no 1099's nothing that shows ownership and yes if AM buys 800k who's writing what off with any proof? All true on not being able to know or contact the partners. There is a message board which really isn't used. Was frowned upon by AM when it went up because people would air some grievances with poor racing performance. I suppose if someone started a thread other owners could participate but it's not used much. He has total control of keeping the rats. Notice he doesn't sell on auction anymore because his horses couldn't catch a live bid. So now priced on the board which never gets lowered and they never get sold. 3 or 4 months of more poor racing, no money, more charges and owners left with a falling asset. If the horse ever sells it will be at an much lower price and the Bill's will net it to a lose. If you can't cut the fat when it's time your a POOR manager of money when it's not yours. That's what makes this thread 108 pages long. The guy is a thief to his own base.

 

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