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26 November 2006 | 23 replies
I would like to check out that link you posted but it's still not working.Now you aren't referring to the new FHA regulations that prohibit flipping, are you?
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26 October 2008 | 3 replies
Income taxes due from depreciation recapture can not be deferred into the following income tax year and are due in the taxable year in which the Investor disposed of (sold) his relinquished property.It will depend on whether the Tax-Deferred Exchange Agreement used by the Qualified Intermediary for the Investor’s tax-deferred like-kind exchange transaction includes the required language contained in Section 1.1031 of the Department of the Treasury Regulations prohibiting access to the 1031 exchange funds until the following income tax year.The ability to defer the recognition and reporting of the taxable gain into the following income tax year depends on when the Investor has the right to obtain access to or receive the benefit from his 1031 exchange funds.For example, if an Investor disposes of his relinquished property as part of a 1031 exchange and the relinquished property disposition closes on December 1 of any taxable year, the 45 calendar day identification deadline and the 180 calendar day exchange period are both in the following income tax year.
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31 March 2020 | 4 replies
I'm prohibited due to 1031 exchange but that's what I'd do if I could.
16 June 2009 | 6 replies
If you are the recipient, you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in, or attached to, this transmission is STRICTLY PROHIBITED.
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2 April 2007 | 11 replies
I would go to the tax records and find out who the owner was and contact them directly, there are no rules that prohibit you from contacting the owner.
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16 September 2011 | 15 replies
Secondly, to have an IRA fund a portion and you fund a portion requires a lot of things as an IRA owner may not personally benefit from the IRA investments (prohibited transaction), as such, certain requirements must be followed to do such a thing.Also, there was mention of buying, fixing, then re-selling.
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26 December 2013 | 15 replies
He then assigns it to Wholesaler B, who then assigns to Wholesaler C at which point the price to purchase has become cost prohibitive after everyone tacks on their assignment fees.
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30 December 2013 | 13 replies
Some real estate companies prohibit flat fees by their agents but it's not illegal aside from being a civil matter by violating the agents contract with his real estate company.
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27 December 2013 | 5 replies
However, we haven't had a lot of new building in the past several years and the cost of renovating an old home to apply it can be prohibitive.
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30 December 2013 | 23 replies
. $100 wager to anyone interested that says HUD doesn't do anything, other than maybe prohibiting him from buying HUD homes in the future.