An option to making this would would be selling on an installment sale- so that you are only recognizing part of the gain each year, over a few years.

Banks aren't lending because they haven't trained their people to recognize risk now that automated credit scoring (fico) dictates approval.

You mentioned, however, that you replaced the carpet so the 'loss' most likely will not be recognized for tax purposes.

If I for some chance leave the US, it will likely be for something fairly permanent - that is to say, I may be either open to giving up my permanent resident status, or effectively be forced to by not meeting any residency requirements (although I recognize that this seems to affect my ability to gain employment in the US more than it does the ability of the IRS to tax).Taking a read of Form 2555 www.irs.gov/pub/irs-pdf/f2555.pdf it seems that I can exclude up to $92,900 of foreign income from my US tax return.

Nevada is expensive to use, Texas is just as strong and cheaper.WA should recognize the Series LLC laws form the other state.

Presumably they recognized gain or loss on their partnership interests since they received cash.

Yes, basically, as a security type instrument or a cash asset it doesn't get the tax considerations that inventory or other property receives, the gain is recognized as it is made, the type of entity is irrelevant, it's income recognition individually or in any business entity with respect to notes.

Recognition of full pro rata value as an "aggressive valuation"Ideally the pro rata value would be cash contributed as a percentage of overall project costs, but our projects have long lead times with city delays so I have tried to recognize things based more on project duration, which seems more accurate and fairer.Any thoughts or comments?

While you can have a DOT which includes some note ideas, they are recognized as two distinct and separate documents in purpose and function.

Or do you recognize this one particular person's limitations for what they are and vow not to make his mistakes yourself ("be an exemplary model")?