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Remember when we talked about what it would take to relocate?


Quote:The IRS does not regulate bookkeeping. If Khan wants to show a loss, he isnt pulling out his tax return.


I agree though, whatever Khan spent and the city spent should be capitalized on their own books.


So if Khan has 25 mil of Khans own money depreciated over 15 years with lets say 15% residual value, that is 1.4 mil expense every year. I admit sounds like not a big deal for an nfl team, but thats assuming the jaguars do well on their owb apart from shared revenue.
LOL!

If the jags tried to claim a loss the IRS would be all over their books because that would mean they weren't paying taxes because there is no income tax when you show a loss.

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Remember when we talked about what it would take to relocate? - by Predator - 12-13-2014, 09:45 PM



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