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5 August 2017 | 31 replies
In addition, Delaware statutory trusts were shown to be considered a trust for federal tax purposes, making them a pass through entity that mitigates taxation for their trustee(s).[8][9] The second holding offers the opinion that real property, being held under a Delaware statutory trust, is eligible to use a 1031 exchange, without the recognition of gain or loss, as long as the following seven restrictions are met:[8][9]Once the offering is closed, there can be no future contributions to the DST by either current or new beneficiary.The trustee cannot renegotiate the terms of the existing loans and cannot borrow any new funds from any party unless a loan default exists as a result of a tenant bankruptcy or insolvency.The trustee cannot reinvest the proceeds from the sale of its real estate.The trustee is limited to making capital expenditures with respect to the property for normal repair and maintenance, minor nonstructural capital improvements, and those required by law.Any reserves or cash held between distribution dates can only be invested in short-term debt obligations.All cash, other than necessary reserves, must be distributed on a current basis.The trustee cannot enter into new leases, or renegotiate the current leases unless there is a need due to a tenant bankruptcy or insolvency.Best Regards, Elder Jeffre Saint James
1 March 2021 | 2 replies
From California Revenue and Taxation Code § 3712, not sure if HOA lien drop in any below category?
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21 May 2017 | 5 replies
The goal is to reduce/eliminate double taxation.
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11 May 2017 | 30 replies
However, an equally compelling aspect of Solo 401k(s) are features that can be incorporated into a plan that provide more financial flexibility and abilities to manage the taxation of income inside and outside the plan.
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11 May 2017 | 8 replies
I lived in California for most of my life and it's hard to sever the ties of taxation there.
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12 May 2017 | 2 replies
That could change my personal tax status to flipper and cause any future property sale (over a year) to be tax at the full tax rate not the lower capitol gain tax rate."
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15 May 2017 | 3 replies
There shouldn't be any tax implications for using the LLC as opposed to doing things without a corporate entity because your single member LLC would be a disregarded entity for taxation purposes.
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20 May 2017 | 6 replies
In regards to taxation, IN is one of the BEST states for non-residents to invest.
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22 May 2017 | 12 replies
We also have NJ property tax at $9,800, some student loan interest, and we make a few donations every year.
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6 June 2017 | 5 replies
Still in grace period till January 2018.I make about $60,000 (~$40k after tax) at this job I just started and I get some bonuses throughout the year.I have about $3,000 saved up.Currently living at my parents with a monthly expense of around $905/mo (oh the joy of living at home), but soon I'll be living closer to my work because my long commute.