So the basis in your new property includes the profit from the old property.If you sell your new property for a loss that net sale is offset by the basis. 

We currently use eMoney which is great but can get expensive as our firm grows and can a lot of times be too complicated for most clients. 

The property assessed value is $210,800 according to Real Property Assessment Division online record.

At the same time, it’s comical how much attention the subject gets.

I believe in CA real estate which has low inventory, prices and rents are solid, and theres a ton of demand.

Quoted $600,000 in damage including taking the entire 3rd floor off and redoing in.  

They will need to file a partnership tax return, and each owner will receive a K-1, which will include their individual SSN.

I am also a real estate agent and I was wondering if there are any associations or something similar that I could join to become a real estate agent specializing in VA Loans so I can help my fellow vets. 

My goal is 1) to help you build the case (and financial model) for shared homeownership using real-life examples and 2) to get feedback from folks outside my network on the process i've created.

Originally posted by @Cameron Price:Originally posted by @Andy Holland:Yes this is true,Technically the tax rate goes from 4% to 6%.But in real life is is equal to an increase of around 3 times that of an owner occupant.