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11 June 2024 | 2 replies
They forged documents, have the assessor for king county as one of their CEOs (my property was in Clark county WA but my property title was changed in King county WA where he WAS the assessor) hsbc had to pay me and countless others for bad foreclosure practices and that caused them to go bankrupt and my loan was floating and I essentially owned home free and clear due to terms of the contract stating that if loan was to be sold that hsbc my husband and I and the new proposed lender had to all meet in person and sign new paperwork permitting the transfer of the loan which never happened.
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10 June 2024 | 11 replies
What I wrote above does not create an attorney/client relationship between us.
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9 June 2024 | 14 replies
Are you still using them, or was that the end of the relationship?
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11 June 2024 | 11 replies
The property is in pinellas county (clearwater) The folks above are correct that you can check out the county recorder's office / public records, which may entail having to go down there in person during gov't work hours.You can also ask your realtor or loan officer, who may be more available, and can send it to you via email.
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10 June 2024 | 3 replies
I believe we have covered most of the needs in this post, but I was becoming unsure about an LLC.From a multi-person investment point of view, is an LLC still the best way to go?
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10 June 2024 | 1 reply
Weather that's for swapping numbers to meeting in person for coffee.
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10 June 2024 | 5 replies
We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.
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11 June 2024 | 11 replies
Unfortunately due to personal reasons, I was not able to attend the event.
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12 June 2024 | 13 replies
Whenever a person is ready to sell, a thorough cleaning that gets in the nook and crannies is needed.
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12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.