At this point, I have a couple of habitats: Silas Baxter-Neal, Stefan Janoski, Garcia, Kerry Getz, Ed Selego, and another Silas Baxter-neal but in a diffrent style. I also have a 1031 that has a bunny sitting next to a tree, and a stedham that looks like it was scratched all the way down the middle. Please tell me if one of these are rare and/or how to tell if they are rare. Thankz
Chosen Answer:
I can't really tell if Tech Decks are rare unless there are pictures.
by: ThEoNeS
on: 27th December
Monday, October 31, 2011
Sunday, October 30, 2011
Taxes on long term capital gains for houses?
I bought a rental in 1999. Sold it in Dec 2003 and did 1031 exchange for another property in Jan 2004. Sold the property in Apr 2005 for a gain. Will the gain be 15% long term capital gains?
Chosen Answer:
hmmmm. im not sure on that one i would ask a taxing agency like h&h r block or soemone professional you understand of what i am saying?
by: mike
on: 16th April
Chosen Answer:
hmmmm. im not sure on that one i would ask a taxing agency like h&h r block or soemone professional you understand of what i am saying?
by: mike
on: 16th April
Saturday, October 29, 2011
If I have only lived in my home for 8 months and sell it for a gain, but am buying a new home, do I pay taxes?
I am married so I would normally be exempt up to 0k in gains if I had lived there 2 years. I believe this falls under the section 1031 "like kind exchange" but am uncertain. Thanks!
As a response to the first three answers...My wife and I have lived in this house for 8 months and just sold it for a net gain and have since purchased a new home that will now be our new primary residence.
My question is based on the fact that if we had a hypothetical sale price of 0,000, but subsequently agree to amend the price upwards to 5,000 but agree
As a response to the first three answers...My wife and I have lived in this house for 8 months and just sold it for a net gain and have since purchased a new home that will now be our new primary residence.
My question is based on the fact that if we had a hypothetical sale price of 0,000, but subsequently agree to amend the price upwards to 5,000 but agree
Fastest growing areas to buy real estate in Texas?
I am planning to do a 1031 exchange. I am looking for rental property (Probably a single family) that would have good income as well as good appreciation. I was looking at Frisco ( a suburb of Dallas). Anyone in Texas or that is knowledgable about real estate head me in the right direction?
Chosen Answer:
Hi, wow I just asked a question after yours about selling my home, and I wanted to move to Dallas, Texas and do a 1031 exchange also.
Anyways, I have been doing research and found some great sites that are very good. You can just
Chosen Answer:
Hi, wow I just asked a question after yours about selling my home, and I wanted to move to Dallas, Texas and do a 1031 exchange also.
Anyways, I have been doing research and found some great sites that are very good. You can just
Friday, October 28, 2011
can someone plz trade me a deoxys. My fc is 1031-8742-2038 i will be in the pokemon center wi-fi club all day?
name: ash
fc: 1031-8742-2038
i will be in the pokemon center wi-fi club on the 30th august 12.00 to 2.00 (GB)
Chosen Answer:
I dont have a deoxys but i have all the starters and loadsa others if you wanna trade.
by: Dark Lady
on: 26th August
fc: 1031-8742-2038
i will be in the pokemon center wi-fi club on the 30th august 12.00 to 2.00 (GB)
Chosen Answer:
I dont have a deoxys but i have all the starters and loadsa others if you wanna trade.
by: Dark Lady
on: 26th August
can you do a 1031-trading investment prop for a reit?
Chosen Answer:
Of course. It does depend on if the REIT company will accept and facilitate a 1031 exchange. It must also be real estate that is exchanged and not a structure or a business that sits on the property. If you want more info, please let me know.
by: Shannon G
on: 8th November
Of course. It does depend on if the REIT company will accept and facilitate a 1031 exchange. It must also be real estate that is exchanged and not a structure or a business that sits on the property. If you want more info, please let me know.
by: Shannon G
on: 8th November
Thursday, October 27, 2011
i have portuguese coin from 1031?
what would be the value of such a coin?
they are from the times of the kings, this one has a J.V in the center, some have a X.
Chosen Answer:
That is impossible because Portugal was only created in 1139...
by: Heterónimo
on: 20th March
they are from the times of the kings, this one has a J.V in the center, some have a X.
Chosen Answer:
That is impossible because Portugal was only created in 1139...
by: Heterónimo
on: 20th March
Wednesday, October 26, 2011
Why does my system 32 folder have many numbered empty folders in it?
The system 32 folder contains numerous empty folders in it. Most of them are named by numbers like 1028, 1031 etc..
Is this any problem? Can i delete the folders?
Chosen Answer:
This is almost certainly not a problem. My computer has these as well. They may hold localization files (for different languages). I would leave them be, since they are taking up negligible space.
by: BienTek
on: 6th December
Is this any problem? Can i delete the folders?
Chosen Answer:
This is almost certainly not a problem. My computer has these as well. They may hold localization files (for different languages). I would leave them be, since they are taking up negligible space.
by: BienTek
on: 6th December
1031 Exchange ?
If I own a home and want to rent it, how many years do i have to rent it to have a 1031 exchange for income property?
Chosen Answer:
You say that you own a home and want to rent it?
My question to you is how long have you owned and lived in it as your personal residence?
I ask you this because if you lived in it for 2 years (dont have to be consecutive years) with in the last 5 years, you may be able to take advantage of Sec 121 Exclusion. This will give you 0K-0K of money in your pocket with paying a dime on taxes.
If Sec 121 does not
Chosen Answer:
You say that you own a home and want to rent it?
My question to you is how long have you owned and lived in it as your personal residence?
I ask you this because if you lived in it for 2 years (dont have to be consecutive years) with in the last 5 years, you may be able to take advantage of Sec 121 Exclusion. This will give you 0K-0K of money in your pocket with paying a dime on taxes.
If Sec 121 does not
Tuesday, October 25, 2011
How to Travel Cheaply in Syria
I think it would be fair to say that any location you choose to visit in Syria would be considered exotic in most people's experience. Because Syria, and even the Middle East is not a hugely popular travel destination, the sites and sounds of many of these countries can provide a wonderful, exciting experience.
To prepare for a trip to somewhere exotic and perhaps taking a path less travelled, it is wise to prepare as much as possible for your holiday. Arranging travel insurance should always be on the top of your
To prepare for a trip to somewhere exotic and perhaps taking a path less travelled, it is wise to prepare as much as possible for your holiday. Arranging travel insurance should always be on the top of your
Whats up with the 1031 C.S.O.B. PPD skate decks? Are they any good?
I skate street so yeah. are they good for flips and pop-wise?
Chosen Answer:
never tried them out before I was going to buy a 1031 deck just to see but ended up getting another mini logo. Only way you'll truly know is if you try it out. Most decks have good pop now days, they need to just to be competative, not sure how long that pop will last though. You can do flips tricks on any skateboard.
by: livewire_usa
on: 28th February
Chosen Answer:
never tried them out before I was going to buy a 1031 deck just to see but ended up getting another mini logo. Only way you'll truly know is if you try it out. Most decks have good pop now days, they need to just to be competative, not sure how long that pop will last though. You can do flips tricks on any skateboard.
by: livewire_usa
on: 28th February
Monday, October 24, 2011
How is depreciation handled in a multi-member LLC if members have equal ownership but different costs basis?
3 partners are transferring their 1/3 share of an apt building into an LLC. The individuals have a different cost basis because of special elections and they each transferred a different cost basis into the apt building via separate 1031's. Does each member have their own depreciation schedule on their K-1?
Chosen Answer:
The partnership continues the existing depreciation schedules to determine the amount of depreciation to claim on the 1065. IRS pub 946.
by: a tax lady
on: 19th March
Chosen Answer:
The partnership continues the existing depreciation schedules to determine the amount of depreciation to claim on the 1065. IRS pub 946.
by: a tax lady
on: 19th March
The Biblical Calendar Outlawed: Constantine and the Council of Nicaea
Constantine the Great (c. A.D. 272 – May 22, 337) is widely known as the first Christian emperor. His "Sunday law" is viewed as the religious act of a recent convert to honor his new day of worship. Roman Catholics and the Greek Orthodox have canonized him, while Saturday sabbatarians accuse the Roman Catholic Church of influencing Constantine into changing the Sabbath from Saturday to Sunday. They denounce the Catholic Church for deceiving all Christendom into believing that Sunday is the proper day of
Sunday, October 23, 2011
Not Asking The Right Questions? You're Missing Out
Instead of pondering of the uncertain, there is a different approach most individuals don't consider.
Is it possible to benefit while home values continue to decline?
This Chart courtesy of inflationdata.com (click link) provides the current US Inflation Rate plus Monthly Inflation Rate data back to January 2000. The Inflation rate is calculated using the Current Consumer Price Index (CPI-U) published monthly by the Bureau of Labor Statistics.
We can see the annual inflation rate, as of April 2011, is 3.16%.
Is it possible to benefit while home values continue to decline?
This Chart courtesy of inflationdata.com (click link) provides the current US Inflation Rate plus Monthly Inflation Rate data back to January 2000. The Inflation rate is calculated using the Current Consumer Price Index (CPI-U) published monthly by the Bureau of Labor Statistics.
We can see the annual inflation rate, as of April 2011, is 3.16%.
What color shoes and nail polish would be appropriate for this dress?
I am wearing this to a wedding this weekend. I was thinking either shiny black, silver, or maybe white, or maybe blue if I can find one close enough to the color of the dress. Not that it matters, but I was planning on not wearing heels since my boyfriend is already the same height as me if not slightly shorter. For nail polish, I didnt know if I should try to match the dress or do something different. Any suggestions? I was also wondering about the purse, is it supposed to match the shoes?
Saturday, October 22, 2011
Has anyone obtained all 1031 cars in Gran Turismo 5 yet?
Chosen Answer:
have 500 . takes forever with loading times .
by: gratedeaddog
on: 17th February
have 500 . takes forever with loading times .
by: gratedeaddog
on: 17th February
Strategies for Preparing for a Patent Interference
Strategies For Preparing for an InterferenceTable of Contents
I. The Benefits of Timely Recognizing a Potential Interference
II. Obtain and Use Competitive Intelligence
III. Patent Procedures Relating to Competitive Intelligence
A. Limit Access to Your Client's Applications
B Obtain Information Regarding Competitor's Patent Applications
IV. The Law Relevant to Requesting an Interference
A. 35 USC 102(g)(1) - Procedural Limitations on Secret Prior Art
B. 35 USC 135(a) - Criteria for an
I. The Benefits of Timely Recognizing a Potential Interference
II. Obtain and Use Competitive Intelligence
III. Patent Procedures Relating to Competitive Intelligence
A. Limit Access to Your Client's Applications
B Obtain Information Regarding Competitor's Patent Applications
IV. The Law Relevant to Requesting an Interference
A. 35 USC 102(g)(1) - Procedural Limitations on Secret Prior Art
B. 35 USC 135(a) - Criteria for an
Friday, October 21, 2011
Money out during 1031 exchange?
Can I take some money out during 1031 exchange? if I can when I can get the money and what tax rate I have to pay in California for the capital gain?
Chosen Answer:
As a 1031 Accommodator with First American Exchange Company, one of the country's largest 1031 Accommodators, let me help answer your questions, 1 at a time.
Firstly, you cannot receive funds once deposited with your Accommodator. Per the g(6) regulations governing 1031 Exchanges, an Accommodator cannot release funds to a client (Exchangor) during an exchange. This would
Chosen Answer:
As a 1031 Accommodator with First American Exchange Company, one of the country's largest 1031 Accommodators, let me help answer your questions, 1 at a time.
Firstly, you cannot receive funds once deposited with your Accommodator. Per the g(6) regulations governing 1031 Exchanges, an Accommodator cannot release funds to a client (Exchangor) during an exchange. This would
how do I find out about police jargon like what is a 1031?
Chosen Answer:
Ten codes can vary from state to state and even agency to agency. There are no set rules.
In my last department, 10-31 meant that the person I was checking did not have any warrants.
by: gunsandammoatwork
on: 21st April
Ten codes can vary from state to state and even agency to agency. There are no set rules.
In my last department, 10-31 meant that the person I was checking did not have any warrants.
by: gunsandammoatwork
on: 21st April
Do You Know The Top 12 Teen Addictions?
Junk Food
Internet/Computer Use
Marijuana and/or Hash
Alcohol
Tobacco
Sugar/Candy
Over Eating
Under Eating or Anorexia
Self-Harm (primarily cutting or wrist slashing)
S-e-x
Bullying or abusing others
Video Games
How do I know this? Because I asked.
I've spoken to thousands of students across the U.S. and Canada about addictions. Each participant was asked: "What habits(s) do you most want to stop or reduce in your life right now?" The answers were
Internet/Computer Use
Marijuana and/or Hash
Alcohol
Tobacco
Sugar/Candy
Over Eating
Under Eating or Anorexia
Self-Harm (primarily cutting or wrist slashing)
S-e-x
Bullying or abusing others
Video Games
How do I know this? Because I asked.
I've spoken to thousands of students across the U.S. and Canada about addictions. Each participant was asked: "What habits(s) do you most want to stop or reduce in your life right now?" The answers were
Tax Advantages on Owning Rental Property
Investing on a rental property is a great way to earn and building wealth in business of real estate. It is a fixed income every month. Unknown to most, a rental property has several tax advantages. If you are interested to invest in a rental property, it is helpful to understand the tax advantages below. 1. Tax deductions on rental property are in line with any business tax. Expenses for property maintenance are deductible. These expenses could include cleaning, landscaping and insurance. 2. Your mortgage payments on
Thursday, October 20, 2011
Podiatrist Cary urgery middle and hospital
Apex Foot and Ankle,1031 Williams St., Apex Medical Park Suite 105 (Highway fifty five south of Beaver Creek purchasing core)Apex NC and the Durham workplace of Milton Richardson DPM, 6015 Fayetteville Rd,Suite 112 (one half mile north of South Stage Mall ) www.apexdurhamfootdoctor.com carry on to accept all insurance policies strategies such as medicare, medicaid, anthem, military insurance policies ideas even in this time of recession, medicare payment reductions and delayed medicaid payments. The Podiatry Offices
Wednesday, October 19, 2011
Does Anyone Know of a 'Game Save' For Gran Turismo 5 So I Have Access To All 1031 Cars?
I want a 'Game Save' for Gran Turismo 5 on PS3 Which Allows me Access too all the Cars or EVEN BETTER does anyone know of any CHEATS for Gran Turismo 5 (NOT EXPLOITS) as i have looked all over the web and found NOT ONE!!!
Chosen Answer:
by:
on: 1st January
Chosen Answer:
by:
on: 1st January
Tuesday, October 18, 2011
23 Enigma
The "23 Enigma" is the Discordian belief that all events are connected to the number 23, given enough ingenuity on the part of the interpreter.The idea behind this is to get you to think. Have you ever bought a new car, and then suddenly realized that every other car on the road seems to be just like yours!? Or found out about a new band, and then realize that they are everywhere, you can't escape the song!?That's idea behind 23. There is no real meaning, obviously, it's a random number. But what it represents is
Monday, October 17, 2011
I am selling a duplex in Sacramento for 500k how much would I have for a 1031 after fees ?
Bought in 1996 for about 100k. Assuming I use a realtor to sell the place....also how much would I have if I just sold the place and kept the money (I am an unemployed recent graduate so my only income as of yet is from rents (25k a year))... ALSO---> I am planning on using the 1031 to purchase investment property in Austin TX where I can get a far better %return, the problem is that the prop. tax is high (2.75%)...is the prop tax deductable on fed income tax? ALSO...will I have to pay CA state income tax when I sell the prop in Texas?
If
If
Finding a tax break in a failed like-kind exchange
1031 exchanges can prove very useful. Every day, real estate investors exchange out of investment or business properties for "like-kind" properties while deferring capital gains – all thanks to Internal Revenue Code Section 1031. The exchanger, of course, is restricted from immediately getting the sale proceeds; they go into an escrow fund maintained by a qualified intermediary. (If you take control of the proceeds, you have a sale, not a like-kind exchange.)1,2
However, 1031 exchanges sometimes fail. A suitable
However, 1031 exchanges sometimes fail. A suitable
Sunday, October 16, 2011
Up With Income and Down With Tax Liability
A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for 0,000 more than you bought it for, you must pay the gains upon those earnings. However, after the passing of a 1031 Exchange that is no longer necessarily the case.What types of Property Qualify?A 1031 Exchange allows sellers of some real and personal
1031 into an investment home purchased from a family member?
I am flipping an investment property I've held for 6 months. Purchased for ,500, have invested approx. ,000-,000 in improvments, will sell for approx. ,000-0,000. To avoid Capital Gains, I want to 1031 into another property. The property I want to purchase via 1031 is a second home of my mother's, which she has owned & rented out for approximately 3 years. She purchased for approximately ,000, with minor improvements. If my mother sells me this home for the exact same price as I sell my "flip" for, (ie: I sell my flip for ,000, and my
what is the multi region code for a technika 1031 dvd player?
Chosen Answer:
I don't know the code, but you can find it using google. Just be careful when you put it in. I did that with mine and it screwed it up. If it's an expensive DVD player, I wouldn't try it.
by: Jonathan W
on: 22nd January
I don't know the code, but you can find it using google. Just be careful when you put it in. I did that with mine and it screwed it up. If it's an expensive DVD player, I wouldn't try it.
by: Jonathan W
on: 22nd January
Saturday, October 15, 2011
Have you ever performed a 1031 exchange?
Did it help your investment objectives?
Chosen Answer:
Yes, I have performed a 1031 Exchange in the past. And yes, it most definitely helped my investment objectives. I saved money by not paying taxes and was able to purchase a larger property than I normally would have been able to purchase. As a matter of fact, I like the 1031 Exchange process so much, I now work as a Qualified Intermediary helping people like you facilitate their 1031 Exchange transaction.
The 1031 Exchange is a wonderful (and one of the only) ways to defer taxes
Chosen Answer:
Yes, I have performed a 1031 Exchange in the past. And yes, it most definitely helped my investment objectives. I saved money by not paying taxes and was able to purchase a larger property than I normally would have been able to purchase. As a matter of fact, I like the 1031 Exchange process so much, I now work as a Qualified Intermediary helping people like you facilitate their 1031 Exchange transaction.
The 1031 Exchange is a wonderful (and one of the only) ways to defer taxes
Zero Cash Flow
Yes nothing. Actually, Zero. When was the last time an investment involving a “zero cash flow” sounded appealing? For most of us, that time would be never. However, there are times when “Zero Cash Flow” property can be of the most instrumental use. The benefits lay in the tax implications for those performing 1031 transactions, if used properly, they can allow someone to leverage a property with (if you can believe it) 90% debt. Of course that debt comes at a cost, namely all those
Thursday, October 13, 2011
Spanish History - under Arab Rule 731 to 1031 AD
From the date of arrival at Gibraltar on 30th April 711 of Tariq bin Ziyad from North Africa with his mercenary army in less than 20 years nearly all of the Iberian Peninsula has succumbed to the direct rule of the Caliph of Damascus in modern day Syria.
Governors are appointed directly by the Caliph in Damascus and they are in control of something like 90% of the Iberian Peninsular including modern day Portugal and Spain.
These rulers are known by the name of the Umayyads.
The Arabs with their Berber army continue to
Governors are appointed directly by the Caliph in Damascus and they are in control of something like 90% of the Iberian Peninsular including modern day Portugal and Spain.
These rulers are known by the name of the Umayyads.
The Arabs with their Berber army continue to
How does a 1031 exchange work?
I have some money in a 401K and some other investments and I would like to purchase real estate and I heard that this might be a good way.
Chosen Answer:
Generally, a 1031 exchange is used to move money from one real estate investment into another real estate investment of equal or greater value with no tax consequences.
What I think you're referring to is a self-directed IRA account which can hold a variety of assets including real estate. They can be a good idea for using some of your 401K/IRA funds for real estate as long as you
Chosen Answer:
Generally, a 1031 exchange is used to move money from one real estate investment into another real estate investment of equal or greater value with no tax consequences.
What I think you're referring to is a self-directed IRA account which can hold a variety of assets including real estate. They can be a good idea for using some of your 401K/IRA funds for real estate as long as you
Wednesday, October 12, 2011
Would a 1031 exchange allow me to trade a rental for a primary home? If I used the proceeds as my down pmt?
Thinking of selling my rental in order to buy a primary home.
Chosen Answer:
no
a primary home is not 'like kind' property to investment property and thus a 1031 exchange isn't available.
by: Spock (rhp)
on: 3rd January
Chosen Answer:
no
a primary home is not 'like kind' property to investment property and thus a 1031 exchange isn't available.
by: Spock (rhp)
on: 3rd January
Filling out Form 8824 for a Like Kind or 1031 exchange?
I am doing my taxes and I did a 1031 or like kind exchange on a rental property last year. My tax software does not seem to handle it. Are there any recommendation for software besides going to a CPA?
Chosen Answer:
There's a website called DeferEm.com
You can input all the information about your exchange and it will generate IRS Form 8824, and it will also print out an exchange report. It's free and really easy to use.
by: thetaxman07
on: 23rd March
Chosen Answer:
There's a website called DeferEm.com
You can input all the information about your exchange and it will generate IRS Form 8824, and it will also print out an exchange report. It's free and really easy to use.
by: thetaxman07
on: 23rd March
Can I 1031 exchange comm. land for residential homes? Is there another way to offset capital gains?
Chosen Answer:
You can do a 1031 exchange and exchange from a commercial property into a residential home, as long as the commercial property AND the residential home are held for investment, income, or business intent.
And, the gain is not offset, rather it is deferred to a later date. So, you defer the capital gains on the commercial property, but they transfer over to the residential home and if you sell the home that gain would be taxable (unless you did another 1031).
For your situation, where you are selling an investment
You can do a 1031 exchange and exchange from a commercial property into a residential home, as long as the commercial property AND the residential home are held for investment, income, or business intent.
And, the gain is not offset, rather it is deferred to a later date. So, you defer the capital gains on the commercial property, but they transfer over to the residential home and if you sell the home that gain would be taxable (unless you did another 1031).
For your situation, where you are selling an investment
Monday, October 10, 2011
Can you make a 1031 exchange FROM a rental to a RESIDENCE in California?
I rented my residence for seven years because I was living out of the country. Now I must move to another city. Can I live in the building purchased by the 1031 exchange, or must I rent it out?
Chosen Answer:
A 1031 exchange must be for like-kind, with all of the money from the one you are selling going into the new like-kind property. So, no you can't exchange for a personal residence, but you can exchange for one that you intend to rent. So rent it for a while, and then change it to a personal residence. There is no real guideline
Chosen Answer:
A 1031 exchange must be for like-kind, with all of the money from the one you are selling going into the new like-kind property. So, no you can't exchange for a personal residence, but you can exchange for one that you intend to rent. So rent it for a while, and then change it to a personal residence. There is no real guideline
can you make some one sell their share of a property if you have yours in a 1031 exchange ?
If you inheirit a real property from a probate avoidance trust can you make the other parties sale their parts if you have done a 1031 exchange with your share?
Chosen Answer:
No. Just because YOU want to do something does NOT require that ALL others give up their rights in the property to make you happy. YOU are the one that committed to a 1031, that;s YOUR problem and not their's.
Why didn't you ask this BEFORE doing the 1031? Why didn't you READ the terms of the trust because THAT is the LEGAL document that spells out HOW the
Chosen Answer:
No. Just because YOU want to do something does NOT require that ALL others give up their rights in the property to make you happy. YOU are the one that committed to a 1031, that;s YOUR problem and not their's.
Why didn't you ask this BEFORE doing the 1031? Why didn't you READ the terms of the trust because THAT is the LEGAL document that spells out HOW the
Sunday, October 9, 2011
What is the best way to market properties to 1031 investors?
I have a number of tenants-in-common (TIC) investment properties in my inventory at http://nnn1031.blogspot.com which I'd like to market to 1031 real estate investors. What would be the way to go about contacting them? Trade publications? Email lists? etc? Thanks
Chosen Answer:
You know what's funny... I don't know any brokers that service the TIC market. Generally, I've seen them post syndication by the sponsor/developer.
It's such a niche that the market has been more single tenant oriented, brokerage wise, at least..
It's funny, you
Chosen Answer:
You know what's funny... I don't know any brokers that service the TIC market. Generally, I've seen them post syndication by the sponsor/developer.
It's such a niche that the market has been more single tenant oriented, brokerage wise, at least..
It's funny, you
1031 X I need to trade my home for another Can you tell best way?
How is the best way to advertise a 1031 advantage and have you or your relatives done this recently.
Chosen Answer:
There is generally no need to do a 1031 on your primary residence. Any cap gain is either exempt or can be deferred without an exchange under other sections of the code. 1031 applies to investment property.
by: MLaw
on: 4th June
Chosen Answer:
There is generally no need to do a 1031 on your primary residence. Any cap gain is either exempt or can be deferred without an exchange under other sections of the code. 1031 applies to investment property.
by: MLaw
on: 4th June
Saturday, October 8, 2011
Purchasing Seattle Real Estate For Progress
Home investors Realize the tax consequences of flipping qualities, rehabbing homes, and how to defer taxes with the 1031 Change before you get into real estate Seattle and homes for sale Seattle investing. Troubles consider site when real estate Seattle and homes for sale Seattle consumers don't adhere to federal and state tax laws. This is why you will call for knowledgeable techniques. Even even however I am not a tax advisor, correct below are some commonplace problems starting up real estate Seattle and homes for
Real Estate Transfer Tax in New York State NY - To be paid by seller or buyer?
I am considering purchasing a home in Nassau County, Long Island (New York State). However, I would like to know if I am supposed to pay the Real Estate Transfer tax, or if the seller of the home is. The house is brand new construction, and we are purchasing it straight from the builder. Thanks.
Chosen Answer:
I am in the same boat, the person I am working with said we (buyer) would have to pay the transfer tax since it is a new construction, usually the seller is the one who would pay it since it is an old house. They quoted that we
Chosen Answer:
I am in the same boat, the person I am working with said we (buyer) would have to pay the transfer tax since it is a new construction, usually the seller is the one who would pay it since it is an old house. They quoted that we
Real estate Tax: What's the diff between Joint Tenancy & Community Property with right of survivorship?
I have been told that community property with right of survivorship is better for the survivor. I need your help. I don't know it's right or not. Thanks.
Chosen Answer:
joint you both own it together and separate , and can sell one half your interest , community you own together if one dies the other owns it , with no immd tax
by: learningnewthings
on: 14th October
Chosen Answer:
joint you both own it together and separate , and can sell one half your interest , community you own together if one dies the other owns it , with no immd tax
by: learningnewthings
on: 14th October
Friday, October 7, 2011
Cost Segregation - 90% of real estate investors are overpaying their federal income taxes
By ignoring generous IRS guidelines when establishing depreciation schedules, over 90% of real estate investors are unintentionally overpaying federal income taxes. In addition they are paying federal income taxes earlier than necessary, typically years or decades earlier than necessary. Although these IRS guidelines are relatively new, they provide substantial benefits. Since this is a relatively new issue, many accountants have not integrated the new IRS depreciation guidelines into their practice. Savings for real
Thursday, October 6, 2011
Andorra Real Estate Rises Again 2006
While property prices have risen in most parts of Europe, tax havens have outstripped most for property inflation.
Little known outside of the skiing and financial communities, the small European tax haven of Andorra has seen some startling rises in her property values in the last two years, with a repeat performance in 2007 possible.
In 2005 property inflation hit 19 per cent, and in 2006 the official property inflation reached sixteen per cent, and according to Andorra property specialists Tribune Properties 2007
Little known outside of the skiing and financial communities, the small European tax haven of Andorra has seen some startling rises in her property values in the last two years, with a repeat performance in 2007 possible.
In 2005 property inflation hit 19 per cent, and in 2006 the official property inflation reached sixteen per cent, and according to Andorra property specialists Tribune Properties 2007
what is a real estate tax stamp? I live in New York state.?
I am refianancing my mortgage, combining 2 loans and was told today I need to have 00 at closing because of these tax stamps.
Chosen Answer:
It's a mortgage tax and it's based on a percentage of the amount you are going to borrow. Seems like a lot of money. Maybe you need to shop around to get better closing costs for your refinancing. The mortgage company (or bank) has to provide you, by law, a detailed description of all closing costs before the closing. Don't go to the closing if you haven't been provided that. Again, shop
Chosen Answer:
It's a mortgage tax and it's based on a percentage of the amount you are going to borrow. Seems like a lot of money. Maybe you need to shop around to get better closing costs for your refinancing. The mortgage company (or bank) has to provide you, by law, a detailed description of all closing costs before the closing. Don't go to the closing if you haven't been provided that. Again, shop
Wednesday, October 5, 2011
Two (2) Ways to Take Your Rental Real Estate Losses
Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.
This is a great tax strategy because your positive cash flow is sheltered from tax. But, it can be even better if you are able to take your losses against your other income (like your income from your job or the business that you run).
The general rule for rental real estate losses is that they are passive. This means they can only be taken against passive
This is a great tax strategy because your positive cash flow is sheltered from tax. But, it can be even better if you are able to take your losses against your other income (like your income from your job or the business that you run).
The general rule for rental real estate losses is that they are passive. This means they can only be taken against passive
qestion in deductions, real estate tax?
Here is my situation: real estate tax for home, 00, doing tax return with taxcut
I entered real estate tax in Form 8829 for business use of my home, it deducts 0 in business expense for the 10% use of home business on Schedule C.
when I am upto the real estate tax in deductions, should I enter 00 as my real estate tax?
I am confusing since I see this in taxcut:
What about real estate tax that I entered for my business?
If you already entered real estate taxes in the Your Own Business (Schedule C) topics, don't enter those same taxes
I entered real estate tax in Form 8829 for business use of my home, it deducts 0 in business expense for the 10% use of home business on Schedule C.
when I am upto the real estate tax in deductions, should I enter 00 as my real estate tax?
I am confusing since I see this in taxcut:
What about real estate tax that I entered for my business?
If you already entered real estate taxes in the Your Own Business (Schedule C) topics, don't enter those same taxes
Tuesday, October 4, 2011
Concerning the real estate tax credit?
If you would want to take advantage of the first time home buyer tax credit, do you only need to have a signed contract? Or do you need to also be approved for a loan and have a signed contract?
Thank you
I am in the process of moving to another state and am trying to sell my house. My friend, who is already approved and we are waiting to close, is purchasing the property. The question just came up and I though I would give YA a shot.
Chosen Answer:
You need a signed contract this month, and the entire thing needs to be complete by
Thank you
I am in the process of moving to another state and am trying to sell my house. My friend, who is already approved and we are waiting to close, is purchasing the property. The question just came up and I though I would give YA a shot.
Chosen Answer:
You need a signed contract this month, and the entire thing needs to be complete by
Avoid Top 10 Mistakes Made By Real Estate Investors
Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and
Monday, October 3, 2011
Real Estate Tax/Insurance Deduction in Foreclosure?
If you are in foreclosure and it is not final, can you claim the real estate and insurance premium deductions on your income tax? The bank is paying the taxes and insurance in my name still. I don't believe the bank can claim it, so who gets the deduction?
Chosen Answer:
by:
on: 1st January
Chosen Answer:
by:
on: 1st January
Buying Oakland California Real Estate
Oakland, California, is located in Alameda County, and is 10 miles E of San Francisco, California. Oakland has a population of 399,484. It is in the San Francisco Bay Area region, and enjoys close proximity to San Francisco. The San Francisco-Oakland Bay Bridge links the two cities together. Concentrated efforts have been made in the preservation of precious Victorian homes. The beautiful results can be seen in downtown Oakland's Preservation Park, as well as throughout the city and in the picturesque Oakland
Sunday, October 2, 2011
What is my tax liability for receiving a share of the proceeds of real estate sale of an estate?
In Texas parents died in 2005. Sibling and I equally to share in real estate previously held by parents. Neither wanted so property was sold. At sale proceeds distributed by title company, half to each of us. What is my federal tax liablity? Entire estate was well below Federal Estate Tax limit.
Chosen Answer:
Depends on when it was sold I think. If the estate sold it and then distributed cash to you and sibling, then that's just part of the estate distribution and no tax due. If the estate distributed the real estate to you and
Chosen Answer:
Depends on when it was sold I think. If the estate sold it and then distributed cash to you and sibling, then that's just part of the estate distribution and no tax due. If the estate distributed the real estate to you and
Real Estate With San Jose California
San Jose, California, is located in Santa Clara County and is in the heart of Silicon Valley. With a population of 894,943, San Jose is a vibrant, thriving metropolitan community. Culture, arts, and technology dominate here as evidenced by the innovative Tech Museum, the San Jose Museum of Art, and the Children's Museum. Additionally, a campus of the California State University calls San Jose home. The newly developed Santana Row, a pedestrian arcade of upscale restaurants and designer shops combined with luxury
Saturday, October 1, 2011
Specialized Tax Info: New Real Estate Investors
Perhaps one shouldn't be surprised that new real estate investors fall into the same tax traps again and again. Real estate burdens investors-especially new investors-with some tricky tax accounting.But just because some other newbie makes these mistakes, that doesn't mean you need to. You just need to know where the traps are so you avoid them. And here are the biggest real estate tax traps you don't want to fall into:Tax Trap 1: Passive Loss LimitationOn paper at least, real estate often loses money. Even if the
How do I get the NYC Department of Finance to tell me the Real Estate Tax history of my property?
Chosen Answer:
They can tell you if the taxes on the property are paid up, but that's about all. They aren't going to do historical research for you if that's what you are looking for.
by: Judy
on: 29th March
They can tell you if the taxes on the property are paid up, but that's about all. They aren't going to do historical research for you if that's what you are looking for.
by: Judy
on: 29th March
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