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2 July 2019 | 6 replies
The authors believe this same rationale can apply to the Section 121 gain exclusion rules.Caution: If gain from the sale of the residence to the controlled entity exceeds the maximum Section 121 exclusion, the excess is taxable as ordinary income (rather than capital gain), since the controlled entity (related-party) purchaser will depreciate the property.Also, the S-Corp need to be funded to have minimum about of down payment required.
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2 January 2023 | 7 replies
But I do see the way you have more control of outcome.
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4 January 2023 | 0 replies
Land investment can be controlled remotely and has less risk.
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3 January 2023 | 2 replies
Recommend she talk her husband into terminating the lease and moving out so you can get control of the property and she can move on with her life.
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4 January 2023 | 2 replies
This was a lesson we learned - we could only affect what was on our property, so the fencing was essential to take control of the immediate environment and improve our street and neighbor next door.
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24 January 2019 | 11 replies
Saved energy and provided better heat control.
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21 December 2022 | 6 replies
These are business purpose loans in which we lend to an LLC that you control and is less impactful on your credit.
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14 March 2021 | 1 reply
@Kevin Panella The statewide law that controls this is AB1482.
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22 December 2022 | 7 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.