Apparently this was missed by not only my first closing but a re-fi closing as well,  It was originally filed in 2008 the re filed again in 2013,It is for a water softener and water treatment system,   Note that it was listed on the HUD listing sheet when I bought it in the summer of 2010.Accrued penalties and interest now are about $14000,     The Finance Company that filed this has been less than courteous to not only me but the representative of the bank as this became known,Any suggestions ?

  ;)Capital gains refer to assets held for a sufficient duration to earn favorable tax treatment.    

Patrick Shawn Faherty Yes, Roth and non-Roth funds different tax treatment, so there will be a difference between the funds types.

@Roy Mitle,The tax treatment is a little easier than your example.  

This build will require water line extension to my lot (currently a well) and a sewer treatment plant.

As a general rule:If your LLC is flipping properties, then S-corp is probably the better choice.If your LLC is a residential rental activity, then partnership is probably best.Both tax treatments pass the net income or net loss through the LLC to the individual members/partners.

I had a question and was going to post it here before talking to my CPA. We have a house we took subject to the existing financing earlier this year. At the end of this year, I assume the previous owner is going to re...

The tax treatment is entirely different, just as it is different investing in stocks with taxable and non-taxable funds.The real question to ask as an investor is this: "If I understand real estate as an asset class, can I generate better results for my tax-sheltered retirement savings than if I left it in the stock market?"

If you plan to use a GA property as the relinquished property in a 1031 exchange, GA will not allow 1031 tax treatment if the replacement property is outside GA and profit on the sale of that property will be taxable on your GA tax return.. 

But,  I have seen big RE company that deduct thousands of dollars as an abandonment loss rather than adding those thousands of dollars to a new property, which would be wrong treatment.