There would be no taxable gain in this situation and I am still able to claim my deferred losses.Eamonn - please document this rare occasion when we're in agreement  :)Jon - here is another way to describe your situation:Assume that your took $20k worth of depreciation.

There is still the rare occasion that a bank will try call in their note, but once we discuss this Act mentioned above they withdraw. 

This property would be leased out 90% of the time and personal use on a few occasions a year.

On those infrequent occasions when I had an unexpected expense, I put it on my credit card and paid it off as soon as I could.

I've read that on occasion people have had to fight with the payment services to straighten out problems. 

Once done, a competent CPA will quite often be able to file your S Corp and properly register it with the IRS.However, I've seen many occasions where I've had to go in afterwards and clean up the mess from improper filings.

I have been inside the apartment several times to pick up rent and to fix a bathroom fan and a jammed window on another occasion and every time the apartment smells there is a sink full of dirty dishes old food laying around and just overall dirty...

However, if someone cannot make these times I will on occasion do a private showing.

I have ask my landlord to replace my carpet since it's been over 10 years since I moved in she has agreed to replace the carpet on several occasions  however stated that  the property owner needs to come and inspect the carpet to make sure that  it is not  above and beyond normal wear and tear it is my understanding that in California the carpet should be replaced after 10 years  it is has bugs in it  there is no padding left  it is filthy grungy and it's already been cleaned twice and no  difference  because I am diabetic if I can have it replace laminate flooring that are being installed and all the  recently vacated units  which are being renovated I asked her on several occasions if I can have laminate floor instead of carpet and she stated that they cannot install laminate flooring in upstairs units due to the noise however I just discovered that the unit adjacent to mine on the upstairs floor  just  was renovated and they installed laminate flooring as this discrimination can I demand  this type of flooring  and ask  her about the new laminate flooring on the second floor policy and why I am unable to  have the same  can I demand that type of flooring or do I have to have carpet  I also feel she is being discriminating against me for no reason  she has been short when I ask for repairs  I asked to move to the downstairs unit and she gave me a whole rant about how she doesn't think that the property owners would allow me to move down there based on my rent being late once or twice  and a bunch of other reasons which I don't think it's her business  to point these things out to me or rather she should just give me the application or instructions on how to go about it and let the property owners make that decision  do I have any basis for discrimination  complaint against her with the fair housing authorities  California

Hi Latrell, I'm located north of Eagan, but purchase properties from wholesalers in Eagan on occasion