Hi @Michael Bishop,A quick clarification, Warren Buffet is not the single largest holder of mobile home parks in the country.

For the clarification. its clear to me now but now my point is isnt it still 2 transactions?

Please don't hesitate to reach out if you have any questions or clarifications. 

@Ali Boone , I read your article and was just hoping for some clarification.

Ok thanks for the clarification.

@Darren Eady Thanks for the point of clarification.  

Of course you can ask your own questions if you haven't found or want more clarification.

But then it wouldn’t be a disregarded entity… Adding to my confusion is Kentucky’s Community Property Trust Act of 2020.Tried calling the IRS for clarification and talked with several accountants who said they didn’t know.

I'd be happy to provide some clarification on both depreciation and the 1031 exchange strategy:Depreciation Example:Depreciation is the process of allocating the cost of an income-producing asset over time, even though the property may appreciate in value.

Kislay,I have so many tangled tax questions, but one quick clarification.... many advisors say to have a Wyoming LLC as your holding company own your Fix & Flip LLC (for anonymity) so your name is not on state filing.