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22 September 2020 | 11 replies
What Scott said above...but if there are tax implications, sell and 1031 into multifamily, as many "doors" as you can exchange into.
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19 August 2012 | 6 replies
These would be items such as: mileage, items purchased, tools purchased to repair properties.As I said, you can deduct the items associated; however, you cannot deduct an hourly wage for yourself unless you feel like adding that to a Schedule C and making it subject to Social Security and Medicare.There are plenty of items deductible; however, just remember if you can't pay for it... it won't be deductible.
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15 August 2012 | 10 replies
Dennis Tierney, my implication of them being nonexistant was for the OP in his situation, knowing that his father is needed as a credit partner and to this matter, I did not say they don't exist and I have had non-recourse loans as well.
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15 August 2012 | 7 replies
A social worker on the case may want work with you and be willing to send a social worker or foster parent/guardian to the home to claim some of the abandoned items for the children.
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20 August 2012 | 5 replies
Probably not a wise idea due to tax implications right?
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2 September 2012 | 7 replies
there are 4 "children" that are equal beneficiaries of the IRA . what are the tax implications upon ultimate distribution to the children.
23 August 2012 | 1 reply
An agent that has the social graces, connections and experience to specialize in "luxury homes" usually won't pull anchor and move to NJ.....I'd think.
1 September 2012 | 21 replies
- SEP-IRA and retirement plans have income implications.
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21 July 2013 | 6 replies
Which is like a business social security number.
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1 September 2012 | 3 replies
Socializing with kids/grandkids. #2 was done by 88% -entertaining close friends. #6 was same vein- watching kids/grand kids play sports.I always read books with a pen.