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.

Speaking the word,"California" may cause tongue cancer in...

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).

Fro example, we could pass a law that says if somebody gets cancer, they can't die.  

@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.  

I assimilate it with being mad at Walgreen's for selling cigarettes, the consumer choose to smoke and purchase them, Walgreen's should not be a fault if they bought them and died of lung cancer.  

Many times these have been condoed so that they are actually real estate and can be eligible for 1031 treatment.