However, whether you can apply this concept to a foreign property requires consideration of various factors, including the tax laws of both countries, the characterization of the property, and any relevant tax treaties.Investment Property Classification: To treat the property as held for investment purposes, it's generally important that your intention is to generate income or profit from the property, such as through renting it out.

Another issue that sometimes comes up but can usually be explained with a letter to the underwriter is the issue of classification of occupancy as it being a primary residence, since travel nurses are, by definition, not typically in any one place too long. 

Is there any standard for how areas are classified i.e. does the NAR have a standard classification system that uses specific data points?

We look forward to being of service.1These restrictions apply to new sign permit applications only, not existing, lawfully permitted signs.2Pedestrian Street is a special zoning classification intended to preserve existing pedestrian-oriented character and attract development by imposing constraints that disallow curb cuts, drive-throughs, and other auto-oriented.3Area size of the sign face. 

Here are the things you should look for and avoid in a turn key company: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors

Does the loan product determine the classification of the property?  

Just saw a post by a newbie in another thread saying a lease-option reduces your repair costs, it can in commercial but not residential.Folks are also getting loan classifications mixed up with RE Commission requirements, while an investor may buy a property and it may be a commercial purpose for that investor buyer, it doesn't mean anything as far as a RE Commission in defining brokerage or license requirements.

I would recommend a weeklong in-person class, if one is available near you.  

These gains can be offset by Section 1231 losses, resulting in a net Section 1231 gain or loss.Your CPA's assertion that the Section 1231 gain from the syndicate cannot be offset against passive losses might be based on the classification of the gain.

In addition to this figure, the CES provides more granular data for jobs tabulated using the North American Industry Classification System (NAICS).