Weatherman2020
Diamond Member
- Mar 3, 2013
- 94,652
- 66,623
- Thread starter
- #81
In Indiana, you get taxed on the sales price.
Every property in America has a government created appraisal value.A reputable accounting firm is not going to accept that.
Now, if you acted like Trump and lied about the amount of land and the sizes of the buildings on it to get to your fake value, then attested to that under penalty of law, a firm may put that on your financial statement.