
1 June 2019 | 5 replies
@Aaron MoayedI'm not sure what you're asking, but I don't think redundant is the right word...A state law would be redundant if a federal law was/is passed that prescribes the exact same treatment.If there's no exact same federal law, a state law is not redundant for prescribing state treatment...

19 October 2016 | 11 replies
Trying to visualize space changes without a floor plan is risky business and has unintended consequences.

25 January 2016 | 5 replies
The IRS tends to view house flipping as no different than assembling widgets and it is taxed the exact same way.Capital Gains treatment is available only for property held for investment or in the course of business (such as a rental or sometimes undeveloped land).That said, from a tax standpoint, you can and should report the flipping activity and your commission activity separately from your W-2 income.

16 April 2014 | 7 replies
Those structured will qualify for 1031 Exchange treatment as the TIC is considered a direct interest in real estate and the DST is a disregarded entity and is also considered an acquisition of real estate.

18 June 2015 | 54 replies
There are a lot of issues and no one set answer for every situation.I'll make a quick pass at a few of the key points for you:A self directed IRA or 401K is no different from any other IRA or 401k when it comes to treatment of inheritances.A spousal inheritor will have different tax treatment from a non-spousal inheritor.A specifically named, non-spousal beneficiary will be able to use their age to determine the amount of distributions that need to be taken from the account each year.

29 April 2014 | 20 replies
Unless stains are removed through a special treatment, the stain will become permanent.

13 July 2015 | 11 replies
Weight is determined by color, size, and any other visual cue that attracts the eye path.

11 October 2014 | 2 replies
I've never heard of any special tax treatment based on who originate a loan nor is that proper accounting under generally accepted accounting principles.

27 July 2014 | 10 replies
First, if your client is asking about tax treatments, your response should be that he should pose the question to his own tax professional.

19 November 2019 | 26 replies
Did she take her time during viewing, visualizing why she want to live there?