InvestorsHub Logo
Followers 27
Posts 2559
Boards Moderated 0
Alias Born 05/02/2018

Re: TonyJoe1957 post# 90591

Tuesday, 08/10/2021 1:00:07 PM

Tuesday, August 10, 2021 1:00:07 PM

Post# of 96904
Not questioning your knowledge or experience. I trust that and it's far greater than what I have, which is none.

I'm simply saying that the larger leanings of these states isn't necessarily relevant here if we are looking at one specific issue.
DE can be friendly in all other areas, but in this case if we would have extensive costs and burdens to take over ( as one lawyer had said)... then DE being nice in all other areas doesn't help us.

Now, that being said... as I recall.. this advice was from one lawyer we weren't even paying...

I have dealt with many professionals over the years who had no idea what they were talking about.. (CPAs mostly... who would talk down to me in trying to apply broad rules on cost basis, 1099 reporting, etc. to retirement accounts. I loved just letting them yell at me in front of their client while I pulled the relevant section from Publication 590 to show them what the facts were. Funny enough though... rarely if ever did I get an apology. Ok I digress)

Point is.... it's entirely possible that this DE info is wrong, and this lawyer who told us it wasn't worth pursuing was wrong. It seems a group of people here believe that. It also seems that there is no objection from our representatives to anyone pursuing this avenue. Further, it also seems that they don't see it is their role. So... if anyone believes this is best route to go... I see no good reason for it not to be pursued.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.