In 2008 my wife and I bought our first home in Las Vegas, Nevada. It was a beautiful home in Mountains Edge, which is in the southwest part of the valley. We qualified for the first home-buyer credit when we filed our 2008 taxes and so we took it.
When we took the new home buyer money we also agreed to stay in the house for 3 years.
Well... I was transferred to Chicago at the end of last year. Only 2.5 yeas after buying the house. OOPS!
We received a letter from the IRS recently that stated the obvious. We owe the IRS a Lot of money.
What to do? Hmmmmm.....
Sale some of my game collection?
NO!
So...
I have a 2001 Toyota Tacoma. It is hard for me to say if it is more of a need or a convenience. My Wife has a 2007 Subaru Forester, which drives great. We could sale the truck and go down to one car. I would prefer not, but the cash that we could gain from the Truck sale would take care of the IRS.
Solution:
No games!! Man that looks like a lot of cash!!
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