Since I cannot find a clear answer to this - am I correct that IRA distributions count as ordinary (taxable) income and therefore we can use up to 25K per year of the passive carry over loss to reduce the tax liability incurred from the IRA distributions by that 25K amount?

@Nick B.My feeling is the irs will be lenient on distributions.

We should connect, would love to get on your distribution list for investment properties you come across.

"Missouri is an equitable distribution state, and only property acquired during the course of the marriage is subject to division following divorce."

Thus, if you took a $50,000 loan and paid it back within 6 months, you would need to wait another 6 months before you could take another $50,000 loan.2) Keep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution.

Have a house under contract now using a cares act distribution from my 401k as well.

You can have him as a limited partner with designated and specified returns and equity portion such as 20% so he would earn 20% net profit from the entire pie with quarterly distributions and resale profits whenever that happens.

Tenants actually save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

I wanted to pull down the property ads to reset the clock but zillow which pretty much controls most online ad distribution will not reset the clock unless the ad is off the site for 31 days.

You can also make it (via proper formation) that the creditor gets stuck with phantom income but no distributions creating the chance for a pennies-on-the-dollar settlement.