
21 July 2015 | 14 replies
And yes, if the IRS did audit you, they would likely ask enough questions to connect the dots on that linkage.A self directed IRA or 401k can be a fantastic wealth building tool that tax advantage of tax-preferred treatment of income, but it needs to do so on a standalone basis.

21 July 2015 | 7 replies
--------Three family members (Mother, Daughter, Son-in-law) formed a General Partnership with equal ownership.The Partnership acquired a mortgage and purchased a home.Two of the Partners (Daughter & Son-in-law) immediately moved into the home as their primary residence, and began to pay rent to the Partnership.Years later the home had appreciated in value and the home was sold.The Partnership purchased a new home and two of the partners (Daughter & Son-in-law) immediately moved into the home as their primary residence and began to pay rent to the Partnership.Does the sale of the first home and the purchase of the second home qualify for 1031 treatment?

6 August 2015 | 16 replies
Section 1031 of the Internal Revenue Code (1031 Exchange) works in conjunction with Section 453 of the Code (Installment Sale Treatment).
6 August 2015 | 9 replies
Your current rental would qualify for 1031 treatment as would your new house if you could demonstrate that your intent was to hold it for productive use.

28 July 2015 | 22 replies
Here is the break down:Water flat chargeWaste water flat chargeStorm drainage flat charge These total to 351.00 Then we have:Garbage : 94Street sweeping : 5Recycling, Yard waste : 75.32FINALLY:Regional Waste water treatment: 161

28 July 2015 | 4 replies
I told them that the neighbor keeps his dog unleashed and lets it run around the neighborhood per my tenants and me seeing this myself, they told me in writing that they were going to take my complaint with a grain of salt because I brought it up after the neighbor complained about the parking.I told them per their bi-laws, it was prohibited to have an unleashed dog and the fact that they put in writing that they were going to take my complaint with a grain of salt and do nothing shows special treatment and I would take them to court if I was assessed.What would you do?

10 August 2015 | 8 replies
I have started a career in water treatment not too long ago.

29 July 2015 | 1 reply
As an individual, you get standard deductions and personal exemptions in addition to your business write-offs and the first (for MFJ) $18,000 is taxed at 10%.In a C-Corp, you lose the favorable treatment for capital gains.

20 November 2015 | 24 replies
It is not eligible for 1031 treatment because the demonstrated intent is purchasing a property primarily for re-sale.I gotta think the TV contracts are lucrative enough that they're not too worried about margins.

27 October 2015 | 6 replies
I would lose out in a month or two of rental income as I find new tenants after the treatment is done.