: a)All owners or persons having care of any property bordering any street, highway or public place within the city, shall, within the first eight (8) hours of daylight after the end of any snowfall, or the fall or deposit of snow or ice on the sidewalk of said property, from any cause whatsoever:(1)Remove or cause to be removed all snow or ice from a path not less than three (3) feet in width the length of the sidewalk of the entire border in or on said street, highway, or public place, including from any pedestrian access ramps cut into street curbs bordering said property and, for corner lots, from the portion(s) of the sidewalk extending past the property to and including the street curb, and provide for the treatment of any snow or ice remaining on any shoveled sidewalk, with sand, salt or other suitable material;(2)Remove or cause to be removed all snow or ice from around any fire hydrant on the sidewalk bordering said property; and(3)Remove or cause to be removed all snow or ice from the opening of any catch basin bordering the sidewalk of said property.

., flips/rehabs, developments, conversions) will not qualify for 1031 Exchange treatment unless you acquire, rehab and then hold the property for investment purposes instead of holding for sale.  

..Actually, if you think about it, the availability of 30 years of mortgage debts with less than 2-5% interest rate for assets just keeps increasing......AND a lot of tax advanced benefits (and financing) make US real estate investment unbeatable.The "almost" similar tax advantage in index investment is only available if you buy Index Futures (LTCG treatment and huge margin), but the margin call in the bear market makes you unable to sleep.

The standard syndicatior raising funds for a 200-300 unit apartment, self storage, etc. has the same tax treatment as you or I do, at a larger scale.

So what you want to do is create a bona fide loan under 166 in case it becomes a bad debt loss you can take as a short-term capital loss in the year it becomes worthless.Depending on the amount you may want to make sure that you have evidence of attempt to enforce the obligation on lapse of payment.You want things like:Evidence of indebtedness (written or printed)Interest rate consistent with risk-profileCollateralPayment ScheduleHistory of PaymentEnforcement efforts evidence on non paymentAbility to lend and repayConsistent treatment across tax formsRemove any evidence of there being payment subject to conditions.

I've had experiences where contractors are highly recommended, but then I get "special treatment" and end up with their "B team" (which B stands for bad in this case).

Basically the gain minus previous depreciation, is the gain from appreciation.The depreciation is given ordinary income treatment at the relevant marginal rate. 

Understand taxes are a part of every transaction and create friction by introducing additional concerns.Tax planning stems from there being a lack of neutrality in the tax system.Anytime there is an alternative treatment of a transaction across taxpayers, tax rates, tax character, timing, jurisdiction, etc., you have a planning opportunity.Practice manipulating key variables to create alternatives - generally in one of three ways, shifting across periods, shifting across taxpayers, or converting the character.No one actually uses the word loophole in accounting.For example, what the hell is a STR loophole?

So a piece of property in terms of capital or ordinary treatment, relies heavily on the items intended use in the taxpayer's hand.It can turn an otherwise capital gain into an ordinary one.

The question is on capital gains tax treatment when I sell the house down the line.