It is the same treatment "If a portion of your monthly mortgage payment goes into an escrow account, and periodically the lender pays your real estate taxes out of the account to the local government, do not deduct the amount paid into the escrow account.

Eric: Be very careful of the caps.We know it was unintentional based upon the small t to begin the first sentence.But I for one have never liked BOA or Contrywide since they began giving illegal aliens preferential treatment in their loans.If this was truly not the case, it surely seemed like to many americans who could not get the loans given to those who could not prove the things that we had to prove.

There is also prejudicial treatment against us, but not nearly as bad as it was previously.

@Steven Hamilton II just described some of this in the treatment if interest income on a wrap.

When granite is light in color you need to take care that the color do not get affected....Jeremy Joseph - this product that is being discussed in this topic is NOT real granite, but a spray-on or brush-on surface treatment that covers some other material.

This is due to the self employment tax and treatment of income.

I have had one baby for almost 10 years, and only this year did I have a non-routine vet bill (excision of 2 cysts, removal of 1 lipoma, several tooth extractions, laser treatment for arthritis).

So you take some element of risk relying upon it unless you go to the time effort and expense of requesting a ruling in your own capacity.One final caveat, it sounds as if this property would only be partially eligible for home exclusion treatment (since apparently only part of it was your princ res) which may create a number of other potentially unfavorable tax issues not to mention the usual issues of having a corporation (even an S Corporation) owning the property.

Given the preferential treatment Cook County gives tenants/foreclosed defendants, I want to say that there's probably a line in the ordinance that trumps the BK filing.I do know that checking that box would not have allowed us to avoid evicting the supplemental tenants (the foreclosed defendants' adult son and his family were also living at the property).

@Hannah Leas I'm sorry to say, but it looks like not only did you not qualify for the full exclusion of the gain on your primary home (Pub 523) and that you did not hold it long enough for it to qualify for long term gain tax treatment.