Pg 85/154 from IRS Audit Guide: "Reg. § 1.469-2T(c)(2)(i)(A)(2): Gain on disposition generally is passive income if the activity was a passive activity in the year of disposition"Pg 84/154 from IRS Audit Guide: "Gain on Form 4797 and Schedule D should first offset losses from the same activity.

those are very favorable terms however I am going to go out on a limb and say that PG is what is carrying the transaction.

well that's what I meant.. add on lender penalty and non performing asset I suspect 100% wipe out plus having to come up with money to pay the lender.. tough spot.I know some friends of mine that had insurance company loans on Commercial during the crisis that had these terms.. and they walked from the projects.. no PG  but lost all their equity they did a 1031 and put 5 million in cash into this one shopping center that was costing him 40k a month negative because it did not fill up as it was suppose to.. and it was BRAND NEW in DENVER  OUCH..  

pg 3................just b/c

Now I'm stuck trying to reply to this and still stay PG-13 !!

id=w5tfQMgmXDgC&lpg=PA176&ots=TTBO0RFBh0&dq=florida%20real%20estate%20substantial%20consideration&pg=PA177#I'm not a lawyer (even though after doing all this research I realized I like it :), I'm just an investor that wants to understand and make sure what I do is right at all times.  

I am getting the same experience out in pg county in maryland.

Thankfully the judge excluded the emotion from a constitutional lawsuit)Of note- see pg 8: "Moreover, Jenkins' interest in protecting her son from lead-poisoning is inconsistent with the lead-paint ordinance as written, as the ordinance does not apply to all rental properties in Toledo."

Publication 527 Pg. 16.

But I'm in PG/MO county, where my avg rent is over 2k on all my SFHs.