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Vintage Racer

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Everything posted by Vintage Racer

  1. I am always aware of fake junk from China. I just like the original parts.
  2. I really enjoyed my four days in sunny FL (March 7-10, 2019). The Porsche Werks event is held on the Friday before the weekend. It's on a golf course, but not the same one as the Concours. I went by the Gooding Auction where they sold 32 Porsche cars (average price was $361,000. Werks:
  3. I'll post up a nice 1969 Porsche 911T (it's a California car) with some minor modifications.
  4. I like the new addition as I am in the market for an air cooled Porsche 911.
  5. Thanks. You are correct. It does sound much better (a natural sound) with just the standard settings.
  6. It's the optional Bose@ Audio Package ($2120 extra). It's a little lame. Other than that, the car has been a joy to own. PDK (Yes, and my first automatic) Sport Exhaust (check) Power Sport Seats (check) with Premium Package Plus (check) Door-Sill Guards, Illuminated (check) check, check, and check.
  7. Is it just me or is the early 911 just keep increasing in value? What do you think?
  8. That is a very nice 911E. I can't find G03 in my files. Porsche used a "M" in front of options beginning in 1970. Example = M409 = Sport Seats Sorry.
  9. I think your car is perfect as it is. There is nothing wrong with updating an early 911S.
  10. The IRS would certainly want you to file with a $4000 profit. I know of no IRS $400 limit. The State of Georgia allows a tag with the year of the car's production to be used on an antique. I know a number of guys with 1965-1973 tags on their 911s. Most bought the tags off eBay. The annual taxes on my two longhoods are $50/year. The no-deductible annual insurance is another $132/yr. Both were purchased with no sales tax.
  11. Yes. But. A LLC is a partnership-type corporate entity. It still requires a state of domicile (you'll need to file federal and state tax forms in the state of its physical residence). If you form the LLC in Montana, you'll be registered by the Montana Secretary of State as a Montana Corporation. You'll need a mailing address (that could be in GA, but what if they ask you the address of the entity in Montana)? A LLC isn't the taxpayer. Tax liability (if it makes money) or tax losses (if it loses money) are generated to another entity (another LLC or an individual taxpayer) via the Form K-1 which must be filed with the tax form. If you start transferring losses to an individual's Form 1040, you are subject to an audit to prove its a for-profit corp. In these days of government's grab for more tax revenue to support federal and state deficits, the risks are high. GA is only one of a few states that do not charge sales tax on a vehicle titled in a person's name. You can buy a Carrera GT for $350,000 and pay $20 for the tag (no 7% sales tax). I wouldn't touch this arrangement, but I sleep better knowing I will not be threatened with IRS actions.
  12. Taxing authorities do not like it when you form an entity to escape taxes. If a trust or LLC is formed for the sole purpose of escaping the payment of taxes, you could be subject to a long court battle. Then you will have the problem of parking and driving a car in GA with Montana tags. You may have insurance problems (unless you own a home in Montana). The trust or the LLC will also be required to file tax forms every year. You'd need to factor in another $1000/year for an accountant.
  13. Thanks Richard, I have Patrick Paternie's book (3rd Edition) but it lacks detail in some areas. I'll look for Marc Bongers' book.
  14. I have been searching the internet and can't seem to find the actual production numbers of the earlier air-cooled cars. I'd like to see the annual production numbers as well as the individual production numbers for each model of each year. Can anyone give me a link? Thanks.
  15. The 1976 was a good car as it was the first to have the zinc coated hot galvanized steel parts. It was also the first year of the 11-blade fan. Does your car have thermal reactors? This was an early emission device that added heat below the engine and caused overheating, oil seal problems, and valve failure.
  16. It area, a 1973 911T is twice as much money as a 1974 911. A 1973 911S is twice as much money as a 1973 911T. The 1974-1977 911 is unloved (except the early Euro coupes). The 1973 911T has mechanical fuel injection while the 1973 1/2 car had CIS fuel delivery.
  17. There is no reason you can't use a 915. It was the transmission used on a 1973 RS. I've had no problems with mine after many miles. I'd first look at this site for suppliers of the parts you need. They are easily sourced. The difficult part to find is the steel rear fenders.
  18. I hope you signed a lucrative contract for your services. The going price for a good moderator is high in these times. :D
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