Posted by Ed Copp (OH) on May 30, 2000 at 17:57:55:
It is impossible to answer your question, and that is probably why you did not get a response before.
We do not know what your other tax obligations are. What tax bracket are you in? Are you employed elswhere? Do you have witholdings or not? Do you have a wife? Does she work, or not? Are you rich or poor or somewhere in the middle? Do you plan to buy a house to rent out? An apartment building? A commercial building? A parking lot?
You see Alan we do not know anything about you or your needs, so it is impassible to give you an answer. Give us a little more detail and I am sure someone will help you out…ED