The treasurer of the corporation presented the treasurers report, which stated that the previous taxable year had:a) a gross receipts total of: _________________b) a gross profit total of: _________________c) a net profit total of: _________________Upon motion duly made, seconded and unanimously carried, it was resolved that the secretary would attach a copy of the treasurers report to the corporate minutes book.9.

They would be taxable like rent, but you can deduct expenses against them.

,Don't forget this little bit of information:Additional Tax on Taxable DistributionsGenerally, if you receive a taxable distribution, you also must pay a 10% additional tax on the amount included in income.Exceptions.

A little bit about myself: I work in commercial real estate for the federal government, doing portfolio management (office properties).

Depending on the specific terms of the loan, and state laws, the borrower may well be in their rights to execute a lease prior to "notice of foreclosure" per the federal law.

The amount repaid each year is one-fifteenth, or 6 2/3%, of the credit for each taxable year in the 15-year recapture period, which begins with the second taxable year following the year of purchase.

This form of investing is only for those who are very skillful in the real estate business and have great knowledge of the laws - federal and state.You must strictly follow many laws.

Well thanks Bill, but the Act creating the DOS specifically allows a lease of up to 3 years without triggering the lender's option as federal law.

An attorney will assure you are abiding by the federal and state laws.

Through opersting efficiencies and self management I would still cash flow $100/m and my returns would be infinite as I have no cash in the property.So it would have been wholesale and get $5,000 taxable income or what I described.