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21 February 2025 | 2 replies
They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains.
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16 February 2025 | 7 replies
@Brenden Stadelman I found that agencies work well short term, but they are not a viable long-term solution.
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15 February 2025 | 3 replies
Interested in any services to apply for an appeal on property tax increases as well.
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20 February 2025 | 20 replies
I know my local office is a PIA to deal with, but it could just be something similar across the board.
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21 February 2025 | 7 replies
I would be very suspicious, especially with it coming through Booking.com on a new property with a discount.
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19 February 2025 | 3 replies
To answer your question about the market, well it's all over the place!
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24 February 2025 | 6 replies
I know some solid knoxville mortgage brokers who'd be worth asking & would be happy to connect you.
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12 February 2025 | 20 replies
It definitely looks infinitely better than when you bought it, well done!
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7 February 2025 | 6 replies
I'm sure you'll be out of here in the summer, but you'll love the winter.
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13 February 2025 | 9 replies
When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.