I pay for repairs to my buildings unless it is something very out of the ordinary that the tenant is directly responsible for. 

Would your gains be taxed as ordinary income or as capital gains?

A few more things to think about:1) all future (non-Roth) 401K distributions will be taxed as ordinary income, regardless of how you grew your balance2) Limited control over investments - you usually can't do stocks, can't do options, can't do ETF's, can't use leverage, can't short, just a handful over crappy 401k's w/ excess expenses.3) can't take advantage of the many tax advantages of investing in real estate in a 401KI just recently saw the light.

So, along with trying to determine if the buyer himself committed wrongdoing in appying for the mortgage he received, it already appears obvious that somehow the banks appraisal process must have been monkeyed with in order to result in the bank giving the buyer an ordinary mortgage for the purchase. 

There’s no alleging here, everything we have is documented and your representing attorney has it all, including the initial settlement offer that you guys proposed, with the non- disclosure agreement 🙂@Mario Ray It’s good to hear and see that their reviews are starting to catch up with them and reflect the common occurrences that they claim are out of the ordinary.

However, if you do default, the unpaid balance becomes a distribution subject to ordinary income tax and possible a 10% early withdrawal penalty—but it will have no effect on your credit score or credit history since you just borrowed it from yourself.

It will be short term capital gains, so its taxed at your ordinary income tax rate.

Hold it for less than one year and it's short-term so the rate is the same as your ordinary income.

If it is true, this is something that goes beyond mere political debate as it would more than double our taxes for most of us.Copied from the e-mail I received:"Congress is considering the “Tax Extenders Package†which currently includes new tax proposals that would place additional burdens on owners and investors in residential and commercial real estate.Specifically, the proposals would increase the carried interest tax rate from the current 15%, or capital gains rate, to 39.5% which is the ordinary income rate.

Profits from building a spec home are ordinary income, plus med/SS, period.