Over a year its taxed as a long term capital gain, 15%.

And you need gainful employment.

It Appraised at $700k.We’re thinking of refinancing the construction loan to an 80/20 int only.80 @ 7.2% 20 @ 10.8% We’d get $250k cash-out to pay off debts and buy land for another new house.I'm living in the house now; We’d sell the house after 6 months (1 year after acquisition of land = .05 Capital Gains tax).

All of the above posts are valid but you also gain experience just by asking questions.

I have never came across a place where I know that the knowledge I am gaining can be used in so many ways to create success in my life.

If your husband or wife is not on your good accounts as an AU than they are missing out on valuable points that they deserve,...

If you ever find yourself needing a "real" job then a degree in business (accounting, management, finance, etc.) is extremely valuable.

Also, do you purchase real-estate through your gains from the corporation, if so could you provide some knowledge on how that works?

If you know something that I dont let me know because I am going to be taken to the slaughter house on my gains this year.I do intend on starting a self directed IRA for the purchase of real estate that I plan on keeping some of my holdings and gains in for the 07 year

To avoid paying capital gains taxes on the sale of my personal residence before I live in it for two years?