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29 May 2024 | 4 replies
Since LLCs don't do much (perhaps some wealth transfer within the OA or rules of the road with multiple members), they might not be worth it in high-fee states such as CA, MA and others.
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29 May 2024 | 2 replies
What @John Underwood said, @Usman Khan.See what you can get the owners to do and transfer the LLC.
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28 May 2024 | 10 replies
After the transfer happens.
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29 May 2024 | 6 replies
In DeCleene, 115 T.C. 457 (2000) the taxpayer closed on a vacant lot and then transferred the lot to a third-party while improvements were constructed.
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29 May 2024 | 4 replies
If you have a loan, you may wish to look into due-on-transfer clauses.
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30 May 2024 | 13 replies
That's my understanding of Prop 19 and that passed under the guise of helping fire victims and senior citizens transfer their low property tax basis to a new property if they moved.
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31 May 2024 | 42 replies
I know 5 will not work as they don’t have the feature to defer capital gains that are invested in opportunity zone, so I will have to somehow manually record that in 8949 and transfer to Schedule D.After this is over, I will apply for a CPA license - I am now wondering if it is as easy as getting a license for property manger or real estate agent 😉
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28 May 2024 | 7 replies
Other option would be subject to where the mortgage doesn't actually transfer into your name but you make the payments.
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30 May 2024 | 25 replies
If you have it in writing that they left, double check all utilities are paid for and transfer them to your name.
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31 May 2024 | 149 replies
Well first one fails and of course they have transferred title or recorded the lease option.