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Post by korculabeav on Nov 30, 2021 4:18:14 GMT -8
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Post by Henry Skrimshander on Nov 30, 2021 10:49:50 GMT -8
One home in Norman isn't enough? Right?? I found out USC is buying the house he currently lives in and the house he has under construction. So that makes sense. Paying way over market value is a way to get him more money right off the bat. |
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Post by irimi on Nov 30, 2021 11:26:57 GMT -8
Good news is that if he is successful, it won't be long before the NFL picks him up. So we might see him for 5 years.
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Post by rgeorge on Nov 30, 2021 13:43:45 GMT -8
I found out USC is buying the house he currently lives in and the house he has under construction. So that makes sense. Paying way over market value is a way to get him more money right off the bat. Wonder if they are paying Cap Gains tax on the new one? Not his primary residence, hasn't lived it 2 years, $500k couple's exemption can be used once every 2 years I think?? Plus, if they are buying his new he can't be said to investing the second gains. Lots of loopholes I'm sure, but even the new home purchased by SC can be tricky. Has to be part of the contract so not a "gift", and typically SC retains ownership up to a certain point. Any way you shake it, too good to pass up... for him, his family, his agent, his lawyer, his CPA, his financial advisor... |
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