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7 September 2017 | 33 replies
Not unless you know some charitable corporation that will let you buy their stock for 10% of the face amount and then let some stranger pay off the remaining 90% of its value over the next 30 years. :-)
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24 December 2017 | 0 replies
Objective:To invest the proceeds for a steady retirement income and defer capital gains.Issues:To transfer the asset into a charitable remainder unitrust to defer gains, it is necessary to transfer the property into the trust first before the sale.
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17 October 2019 | 19 replies
Go to other places other than REI meetings - like charitable events, etc, where there are other high net-worth, non-real estate people (doctors, lawyers, etc.) 4.
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16 October 2017 | 76 replies
Have you considered making a charitable contribution that could later be written off in your taxes?
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19 November 2017 | 23 replies
In order to simplify the tax code, the framework eliminates most itemized deductions, but retains tax incentives for home mortgage interest and charitable contributions." quoted from treasury.gov
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29 September 2017 | 2 replies
Additional information can be found here:https://waysandmeans.house.gov/brady-releases-legi...http://docs.house.gov/billsthisweek/20170925/HR___...In summary, the bill proposes:Deduction for Personal Casualty Losses: With respect to uncompensated losses arising in the disaster area, eliminates the current law requirements that personal casualty losses must exceed 10 percent of Adjusted Gross Income to qualify for deduction.Eliminates the current law requirement that taxpayers must itemize deductions to access this tax relief.Penalty-Free Access to Retirement Funds: Provides an exception to the 10 percent early retirement plan withdrawal penalty for qualified hurricane relief distributions.Allows for the re-contribution of retirement plan withdrawals for home purchases cancelled due to eligible disasters.Provides flexibility for loans from retirement plans for qualified hurricane relief.Encouraging Charitable Giving: Temporarily suspends limitations on the deduction for charitable contributions associated with qualified hurricane relief made before December 31, 2017.Disaster-Related Employment Relief: Provides a tax credit for 40 percent of wages (up to $6,000 per employee) paid by a disaster-affected employer to an employee from a core disaster area.Special Rule for Determining 2017 Earned Income Tax Credit and Child Tax Credit: For 2017, allows taxpayers to refer to earned income from the immediately preceding year for purposes of determining the Earned Income Tax Credit and Child Tax Credit.
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7 February 2022 | 4 replies
If you feel charitable maybe you could "settle out of court" for a hundred bucks or so but she may be delusional and really believe you owe her 7k.
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27 January 2022 | 0 replies
Your goals and story: My husband and I want to own real estate as a retirement strategy to replace all income and be able to also do various charitable work while providing for our children.Type of property: The property is a single family home attached to what used to be a store.
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8 February 2022 | 0 replies
By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.Conservation Easements: Property owners can take a charitable deduction for contributions of a qualified real property interest to a qualified organization exclusively for conservation purposesSolar Incentives: Tax deduction for up to 26% of the cost of a solar energy systemESG Farming Incentives: Implementation of environmentally friendly practices.Florida Sales Tax Exemption: New machinery, parts, etc. are exempt from sales tax.Florida Farm Green-Built Incentive: For building sustainable “green” buildings that are environmentally friendly and are considered LEED certified.Employment Retention Farm Credits: For the first time, agriculture is eligible for the ERC if gross receipts dropped 50% in 2020 or 20% in 2021 as compared to the same quarter in the previous year.Farm Fertilization Federal Tax Amortization Program: The IRS position is that fertilizer costs should be amortized based on the percentage of use or benefit each year.What tax credits do you utilize on your ranch or agribusiness?
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20 March 2022 | 8 replies
are you talking about charitable remainder trusts ??