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25 October 2018 | 0 replies
These types of properties typically only trade when the market is nearing the top, making it a challenge if forced to sell.
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28 October 2018 | 35 replies
Something Like hey I want to do a 1031, I have some land, but I want to trade it for a house, I think I can do that but wanted to make sure.......... goes a lot further than a generic I don't want to pay taxes on my land when I sale it, how do I do that.
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28 October 2018 | 10 replies
This section prescribes rules for tracing debt proceeds to specific expenditures.Treas Reg §1.163-8T(a)(4)Treatment of interest expense(i)General ruleExcept as otherwise provided in paragraph (m) of this section (relating to limitations on interest expense other than the passive loss and nonbusiness interest limitations), interest expense allocated under the rules of this section is treated in the following manner:(A) Interest expense allocated to a trade or business expenditure (as defined in paragraph (b)(7) of this section) is taken into account under section 163(h)(2)(A);(B) Interest expense allocated to a passive activity expenditure (as defined in paragraph (b)(4) of this section) or a former passive activity expenditure (as defined in paragraph (b)(2) of this section) is taken into account for purposes of section 469 in determining the income or loss from the activity to which such expenditure relates;(C) Interest expense allocated to an investment expenditure (as defined in paragraph (b)(3) of this section) is treated for purposes of section 163(d) as investment interest;(D) Interest expense allocated to a personal expenditure (as defined in paragraph (b)(5) of this section) is treated for purposes of section 163(h) as personal interest; and(E) Interest expense allocated to a portfolio expenditure (as defined in paragraph (b)(6) of this section) is treated for purposes of section 469(e)(2)(B)(ii) as interest expense described in section 469(e)(1)(A)(i)(III).Treas Reg §1.163-8T(c)(4)Allocation of debt; proceeds deposited in borrower's account(i)Treatment of depositFor purposes of this section, a deposit of debt proceeds in an account is treated as an investment expenditure, and amounts held in an account (whether or not interest bearing) are treated as property held for investment.
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28 October 2018 | 5 replies
I agree with the comments above that most of the suggestions are basically you trading your hours for dollars.
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25 October 2018 | 1 reply
Or should I just try to find another jack of all trades maintenance person?
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25 October 2018 | 1 reply
@Evan Coburn The only exception is if you recently graduated from a college/university/trade school (e.g.
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26 October 2018 | 5 replies
I once traded a 19' Fishing boat that I took in trade for a down payment on a house and traded it for supplies.
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5 March 2021 | 2 replies
Being an electrician by trade can come in very hand and save a lot of money.
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11 January 2020 | 81 replies
If you enjoy going to the bank to make your deposits then you should continue to drive to the bank to make your deposits.I suspect most of the Tricks of the trade will be items to either save time or money.
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26 October 2018 | 7 replies
Or should I just try to find another jack of all trades maintenance person?