FHA How did you add value to the deal?

If you feel like you did the tax returns incorrectly the past few years, you can have your new accountant look them over.If they see an error, there might be an opportunity to amend the tax returns and get a refund.Best of luck.

The time value of money still favors acceleration, but only if you have a clear path to eventually utilizing these losses.Don't let your tax savings get trapped in passive activity loss limbo.

Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence). 

But I have seen a lot of appreciation in rents and property values in areas on the westside by the lakeshore and over by Metro hospital. 

How did you add value to the deal?

However, I did forget about the "same value or higher property purchase" part of it.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

This kind of community is designed to attract certain individuals that share the same values for the outdoors, smaller living, and a healthy community. 

I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!