Looking for advice from experienced legal minds here We own a multi-family zoned lot which we originally bought intending to add a couple units in the back.

  - Is the investment/rental portion of the property owned by the same taxpayer (person or entity) that sold the land?

And cash is my only asset I have been saving for two years for my dream to own 5 properties before age 20.

This property is a duplex owned by 1 family.

This is my full time self owned business.

I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?

Do you have an entity that owns the property and another that owns the gas station business itself?

She can’t do a 1031 in 3 years because…1) She already sold you the property today, in 3 years she doesn’t own it. 2) She can’t use a 1031 for a dream home, only for investment properties…Ps.

Typically, any income generated from the property should flow back into the retirement account and be reinvested.2.Generally, your property management company can manage the apartment complex owned by your self-directed 401(k).

My contractor had a check made out to his own company.