![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/74426/small_1621414934-avatar-lefty78.jpg?twic=v1/output=image&v=2)
11 May 2011 | 15 replies
In NY, they also do not recognize LLC's as a separate entity in the event of mistakes like this, they will sue the LLC members directly, not the LLC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/150050/small_1695177951-avatar-jon_everett4877.jpg?twic=v1/output=image&v=2)
11 July 2013 | 2 replies
A reinstatement is when a borrower brings the default current and the Mortgagee agrees to recognize and allow the same.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/96473/small_1621416841-avatar-nonbankloans.jpg?twic=v1/output=image&v=2)
12 March 2016 | 3 replies
Zero.Anyone who knows him will recognize these key words he uses when talking about his past “accomplishments”.$100 million warehouse line of credit, hedge funds, Investment fund, own his own investment company” etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/231718/small_1723995076-avatar-jscottvincent.jpg?twic=v1/output=image&v=2)
14 September 2017 | 9 replies
Lawyers and judges shake their heads when they see DIY contracts, while it's perfectly legal to draft a contract you are a party to, there will be a lack of confidence in that contract as opposed to it being recognized as a document drafter by an attorney.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/115170/small_1621417601-avatar-justaskbenwhy.jpg?twic=v1/output=image&v=2)
14 March 2015 | 6 replies
I do recognize your points and concerns.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/426760/small_1694991024-avatar-audreyd4.jpg?twic=v1/output=image&v=2)
29 November 2015 | 24 replies
The balance would then be allocated to capital gain taxes once you have fully recognized and paid taxes on your depreciation recapture.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/835597/small_1694726149-avatar-calvins22.jpg?twic=v1/output=image&v=2)
3 March 2021 | 9 replies
3.) also, if not, do they have rules around residential uses not recognized in the use code.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2656777/small_1694643474-avatar-magnusr3.jpg?twic=v1/output=image&v=2)
8 February 2023 | 12 replies
Real estate marketing companies recognized that “flipping” purchase contracts was a concept they could sell to people with little or no money, thru the “you don’t need any money to wholesale” mantra.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1061886/small_1621508270-avatar-josephs282.jpg?twic=v1/output=image&v=2)
18 September 2022 | 7 replies
No capital gain is recognized on his 2018 tax return filed in 2019. 1.Z sells his interest in the QOF prior to August 1, 2023 (the five year anniversary of the investment in the QOF)$500,000 of capital gain must be recognized at that timeTax is recognized on any appreciation of the QOF interest2.Z sells his interest on or after August 1, 2023 (i.e. after 5 years), but before August 1, 2025Basis is increased by $50,000 (or 10%); Z recognizes $450,000 of capital gainTax is recognized on any appreciation of the QOF interest3.Z sells his interest on or after August 1, 2025 (i.e. after 7 years), but before December 31, 2026Basis is increased by $75,000 (or 15%); Z recognizes $425,000 of capital gain upon the saleTax is recognized on any appreciation of the QOF interest4.Z is still invested in the QOF on December 31, 2026,Z recognizes $425,000 of capital gain5.Z sells his interest after December 31, 2026, but prior to August 1, 2028Z recognizes gain to the extent it exceeds $500,0006.Z sells his interest on or after August 1, 2028 (i.e., after 10 years)Z will make the FMV basis election and will not recognize gain
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2332075/small_1690940317-avatar-stevenb502.jpg?twic=v1/output=image&v=2)
12 January 2024 | 18 replies
So now, Fulton county recognizes the subdivision and the new address as “123 Main Street” , but the City of Hapeville does not recognize the subdivision or the new address.