Our cost of living has risen dramatically in the past 10 years.My wife and I own an historic Tudor home on Prospect Avenue in one of the five nationally recognized historic districts in the city.

Who recognizes the certification?

I do not recognize the city name.

However, historically it takes 8-10 years for inflation adjusted prices to reach their previous highs.While I agree with you that we won't recognize the bottom until after it has occurred, we certainly are not there yet - not even close.Mike

You will recognize and pay taxes on any amount that you pull out of your transaction.

Since all you have is a contract right and you sell that (via a simultaneous COE on the same day) and you have held that contract right for longer than a year, it should still be treated as a capital gain to the LLC.The capital gain recognized by the LLC will flow through to members of the LLC via a K-1 form, which will get reported on your individual tax return in the same character.Caveat....please check with all the details of this transaction and make sure you can show you had and investment intent from the beginning to support your case and that you indeed have a binding contract that is assignable (most are if you have a good attorney).As for keeping the cash in the LLC, it doesn't matter.

Recognized or enforced by law rather than by equity. 5.

Other than holding a real estate license from the state or being a member of the Realtor organization there is no 'certification' that is going to be well recognized and of value.Any group can offer a 'certificate'.

I am hopeful that Google will recognize that it is a Gmail account and I have a profile so less to fill out.

Recognize that just about any contact a Realtor uses comes with a copyright.