NOTE: Direct Loan to S-corp does not prevent the CG treatment of excess distribution over stock basis.

Project starts with a gutted basement, then gets the full treatment: framed walls, electrical, plumbing, HVAC, Insulation, drywall & taper, flooring, interior doors, baseboards & window/door casings, kitchen install, bathroom, tiles., appliances, etc.Also, if it had allowances for employees, Overhead, mark up, management fees etc, etc.Thanks

I mean, what type of drug conviction are we talking about here?

@Aaron MoayedI'm not sure what you're asking, but I don't think redundant is the right word...A state law would be redundant if a federal law was/is passed that prescribes the exact same treatment.If there's no exact same federal law, a state law is not redundant for prescribing state treatment... 

They always had something  bad to say after  staying for free for extended periods of time.Its hard to help people now days cause half the time  they dont want to help themselves  especially  if their is any drugs involved

The IRS tends to view house flipping as no different than assembling widgets and it is taxed the exact same way.Capital Gains treatment is available only for property held for investment or in the course of business (such as a rental or sometimes undeveloped land).That said, from a tax standpoint, you can and should report the flipping activity and your commission activity separately from your W-2 income.  

I'm also not a fan of L/O's to buy since you have so little control, but you can do sandwich lease options if you thought it made sense.I did one where the owner bought the house for his son and financed it at 5% I/O, that thing cash flowed pretty well, but I stumbled into it and pitched it because the guy was loaded and had bought the house for his son who was a drug addict and trashed the place and he wanted the headache gone more than the money. 

We drug our feet to buy us time to get the permits sorted, and when we finally showed our plan to the court, they approved it because it was a win, win, win: The heirs got something when they weren't going to get anything, the bank got way more than they would have got in a foreclosure because we improved the property, and we made a nice pay day.

Those structured will qualify for 1031 Exchange treatment as the TIC is considered a direct interest in real estate and the DST is a disregarded entity and is also considered an acquisition of real estate.

There are a lot of issues and no one set answer for every situation.I'll make a quick pass at a few of the key points for you:A self directed IRA or 401K is no different from any other IRA or 401k when it comes to treatment of inheritances.A spousal inheritor will have different tax treatment from a non-spousal inheritor.A specifically named, non-spousal beneficiary will be able to use their age to determine the amount of distributions that need to be taken from the account each year.