There are some requirements/limitations, but this will exempt the 1st 20% of profits.

@Deontae Posley I was looking on the Home Possible website, and most of the areas (at least in Virginia Beach) are income limit exempt due to the zone they are in.

For residence you should have homestead exemption (weaker or stronger depending on the state) and if you have a mortgage, the note itself should act as a deterrent to some extent.Anyway, I sent you my notes - it should clarify many questions and save you some research.

Creative marketing for investors... but dangerous since the Jobs act and SEC 506 exemptions don't allow anonymous soliciting investments unless you've done an A+ filing, or there is one 506 SEC exemption that allows advertising..It all goes well until there's a blow up and a lender makes a few calls to the state SEC etc.  

Failure to report can result in extra interest and penalties...In my experience, the majority of folks who qualify for a preforeclosure short sale AND report and treat the income resulting from forgiven debt find the 'income' is fully or substantially exempt from tax.But, if an audit later reveals failure to report... the issue becomes more complicated than if it were addressed early on.

After their $500K exemption, they still owed $6M.

A few weeks ago, I checked out one of the podcasts in which the guest talked about delayed financing exemption.

Surveys are exempt from the DNC rules.

----------------------------------------------------------------------------------------One of the more watched provisions of the fiscal cliff was the Mortgage Forgiveness Debt Relief Act of 2007, which was set to expire on Dec. 31.The fiscal cliff deal extends it for another year, meaning homeowners who experience a debt reduction through mortgage principal forgiveness or a short sale are exempt from being taxed on the forgiven amount.

You just have a different type of vehicle that may invest differently.There are, however, two taxes that get in the way of the scenario you mention - assuming perhaps that the IRA capital was an equity stake in someone else's flip property for example.When a tax exempt entity such as as IRA, church, etc., engages in a trade or business activity on a regular or repeated basis, there is a trust tax known as UBIT that applies.