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27 August 2007 | 3 replies
No, in fact it will often raise them.Both here and on 3 other sites I see people contemplating 1031 exchanges when they barely have enough gain to justify the expense of a facilitator and the extra acquisition costs.For the record my income tax return for the past 12 years has had all of the following, just about every year for most items.W2 income, 1099 consulting/sales incomeInterest income, including interest from seller financed loans,Recapture of depreciationRental income, and expenses and depreciation on rentals pptyLT cap gains from sale of long held rentalsST cap gains from flipsSub S corp income from my sales company401k reductions, SIMPLE reductionsOffice in house expenses, loads of mileage for business travel and other self-employed business expeneseDividends from stocks and mutual fundsDespite all of this carp I feel confident, because I closely review the return and question the CPA that if I wanted I could purchase TurboTax and do it myself.
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30 January 2023 | 10 replies
Foreign monetary exchange to Europe is difficult and expensive.
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13 September 2011 | 5 replies
And I also recommended that the rental leases on these homes be at lease 5 year leases in exchange for this long term agreement, if the renter is paying on time they have this reported to the credit burial.
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5 July 2013 | 4 replies
Simply put, induction is turbo-charged cooking.Like gas cooking, induction allows for instantaneous and precise temperature control, which makes it as responsive as gas.
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3 November 2014 | 25 replies
I have seen it myself in the eastern block when the government issued the new currency which was the same as the old currency but the exchange rate was 1000 of the old currency for 1 of the new currency.Obviously he is so far off base because he has never seen his property tax bill.
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2 December 2014 | 5 replies
There may be ways to modify the terms of the sale (installment sale treatment, fractional sales, tax-deferred exchanges, and so forth) so that you can split or spread the gain over a period of time so that you can effectively eliminate the Medicare Surcharge by keeping your AGI under the $200K/$250 level.
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21 February 2014 | 2 replies
Consequently, the preferred choice is to either hire or contract with a researcher or court research firm.In any event, I suggest that you define precisely the data you want, the fields and format you want it in and be prepared to pay for it.
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18 November 2017 | 89 replies
Asset Exchange Strategies7.
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12 February 2013 | 24 replies
Will: You're a smart guy, and probably have good reasons for doing things the way you do, but, I'm wondering why you don't close with yourself as bene then assign beneficial interest in the trust after closing in exchange for the wholesale fee...similar to selling interest in an entity, thereby sidestepping all the theoretical complications.
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15 January 2016 | 10 replies
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