Once again, we find another recession indicator flashing red.Given the multitude of economic crosscurrents, it’s crucial to seek the best assistance available to mitigate taxes, and manage expenses to navigate through potentially turbulent times. 

So, it will be taxed as ordinary income. 

No personal income docs or taxes needed.

A staggering 86% of households earning under $25K spend over half their income on rent, highlighting the acute affordability crisis.Urgent calls for policy intervention, including incentives for housing production like the potential reintroduction of the 421-a tax abatement, are echoing through the city as leaders grapple with the severity of the housing shortage.

There are lawyers out there who I’m sure would love to find out about this.

If you are looking to use your W-2 and tax returns to qualify, you would be using a conventional loan, which typically don't allow LLC vesting (unless you transfer the deed later).

Pittsburgh is very affordable and the taxes are low outside of Allegheny County.

My understanding is that the $480K qualifies for 1031 treatment and tax deferral.

Has any one had any success helping a seller get tax lien relief in the past or negotiated with the city to get the amount of tax liens on a property reduced?

Have the deed holder be an entity (the exact entity and state of filing should be determined by your legal counsel with input from your tax professional). 2.