To show a home, you must have either a non-exclusive buyer agency agreement (a one-off) or an exclusive buyer agency agreement signed with a client to show them homes.

Your CPA should apply these passive losses now that the activity has been fully disposed of, ensuring the gain is correctly offset.This post does not create a CPA-Client relationship.

This post does not create a CPA-Client relationship.

I have tons of Owner clients always investing in or looking at The Heights, and this is a great breakdown to refer them to.

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As a mortgage broker, I’ve worked with clients in similar situations, and I’d be happy to guide you through this process.

I've made hundreds of friends and sourced more clients than you can imagine from doing one thing - adding value in the forums.I never once said I was an agent or where to find me.

Of all the lenders I know who have clients that do this (purchase in personal name and quit claim to LLC), none have ever had that happen - the main thing is to make sure you just keep paying your mortgage, and this would be a good conversation to have with a lender. 

Instead of recognizing the gain of 600k - 100k, you get a stepped up basis at time of death.

It is always advisable to consult with an attorney if you are serious about asset protection.This post does not create a CPA-Client relationship.