Thread: Free bike??
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Old 09-12-2009, 06:16 PM   #5
'73 H1 Triple
restorer of the original
 
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Join Date: Mar 2008
Location: Zionsville,PA
Moto: '93 ZR1100 &'73 Kawasaki H1 500
Posts: 1,331
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Last year I pulled $2K out of my money market to purchase my ZR1100. February I was doing my taxes and needed the purchase date to see if i had to pay capital gains tax.

Turns out the value tanked by 60%

So by removing the money to purchase the cycle in May of '08, I kept the loss to a minimum and basically the motorcycle was free

Jeff
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