Am currently rehabbing a house and can hear the water gushing under the house (Crawl Space) when toilet is flushed. I'll be cutting into the floor and fear that there may be raw sewage under the house (the leak wasn'...

He went from a perfect 7 year old to gone in three weeks (cancer)... while I was on deployment.

Our next purchase though is getting the hardwood treatment where it's needed.Thanks for your replies.

Property acquired and held for sale typically does not qualify for 1031 exchange treatment.

It would be long term capital gain treatment and taxed at the 15% rate.

When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain?

I will soon though, my got cancer about two years ago so that really put a halt to my plans but I am planning on doing a lot more business now that things are getting better.

Decide if the S comes with some liability from the past before putting assets into it.Both the S and the LLC have pass through tax treatment.

You have to hold them for one year to get capital gains treatment on them.

An LLC treated as an S-corp for tax purposes will enjoy the same tax treatment as the S-corp.