Today TaxMama hears from Gina in Canton, MI, who tells us, “12 years ago, we (8 couples) bought a condo for $280,000 at Atlantic City, NJ for investment (as a partnership). Five years after that, the price dropped to $120,000. But, last year the price bounced back to $240,000. So, our partnership decided to sell. […]
Category Archives: Property
Today TaxMama hears from Claudette in New York, who asks.buy Glucophage generic bloinfobuy.com over the counter “What is the best way to put together a schedule of capital improvement expenses to offset the proceeds of the sale, if the house has gone through many renovations over the years. “
Today TaxMama hears from Val in Washington, who tells us, “This past year a relative of ours loaned us $70,000.00 to help us build our vacation home. This incredible gift of trust was loaned to us without interest. We are just finishing up the project and will repay the loan in full when we re-finance […]
Today TaxMama hears from Doug in Alaska who has this tale of woe. “We have an apartment downstairs, that my wife and I have rented for the last three years.https://diwa.gimpa.edu.gh/wp-content/languages/new/get-paid-to-write-essays.html We decided that rather than put my ailing father-in-law into assisted living we could set him up in our unit below, where hospice and other […]
Today TaxMama hears from Marty in Calif., who relates. “I own a piece of land in Florida that I own free and clear and now have up for sale (as of Jan.buy tadalafil online https://www.conci.com/wp-content/languages/new/tadalafil.html no prescription 1, 2006) and the listing price is $5.74 million. It was valued at 6,000 when I acquired it […]
Today TaxMama hears from Cali in Louisiana who asks. “I understand that a Federal Tax Lien placed on a parcel of land is for 10 years from the assessment date. Can the IRS renew the lien or does it expire?”
Today TaxMama hears from John on the Internet who wants to know “I am purchasing some used equipment for my business. It has been fully depreciated by the previous owner. What depreciation schedules do I follow for used assets?https://www.pharmalucence.com/wp-content/languages/new/cialis.html For example, if I buy an asset that has a 7 year life but it is […]
Today TaxMama hears from Sylvia in Texas needlessly putting herself down. “About those darn time share payment deductions!http://wsbarberschool.com/wp-content/languages/new/dissertation-editing.html I understand that only stupid people invest in such things.buy canadian vibramycin online cpff.ca/wp-content/languages/new/canadian/vibramycin.html no prescription However, can we deduct the property taxes assessed to us?http://wsbarberschool.com/wp-content/languages/new/website-that-write-essays-for-you.html ”
Today TaxMama hears from Steve in Pennsylvania, who tells us, “I recently built a barn and installed an electric fence around three acres.buy stromectol Canada http://healthinschools.org/wp-content/languages/new/canada/stromectol.html no prescription I have run water to the barn and have installed electricity.buy plavix online http://everydaystarlet.com/wp-content/languages/new/zovirax.html no prescription We have bought a few sheep to start a flock. I […]
Today Donna from California did some research. “I’m interested in starting a small business in real estate centering around purchasing the property and renting it to tenants. But to my dismay I recently read that the IRS does not consider that a business. Is that true? I also read that this is a “gray” area. […]
Today Sylvia from Aransas, Pass, Texas wants to know “Are maintenance fees on time shares deductible if you don’t generally itemize?buy furosemide online healingtohappy.com/wp-content/languages/new/over/furosemide.html no prescription https://isihealthone.com/wp-content/languages/new/priligy.html ”
Today Michael from Oxnard reports, “I have two liens against my home from my county hospital for a medical bill I never paid. If I quit claim the deed to someone else, am I relieved from having my liens affect the property?buy uk diflucan online www.mabvi.org/wp-content/languages/new/uk/diflucan.html no prescription https://libaifoundation.org/wp-content/languages/new/prelone.html