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Bought a house for 145k with 10% down and 3 months later would sell it for 165,000 with 5% down what is my profit?
Chad's answer
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Answered on March 29, 2013
No, your profit would be the $20,000 difference. When you sell the home, you start with the basis of the home for tax purposes which is generally...
Archived
Can i get arrested for not finishing a job i have no parts to finish with?
Chad's answer
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Answered on March 24, 2012
Based on the facts above, I can't imagine what felony charges could be brought against you. I assume you're willing to give the vehicle back to...
Does a profit sharing agreement expire if it has no expiration date? I made a bad deal and want to back out
Chad's answer
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Answered on November 17, 2011
Without knowing exactly what's in the written agreement, this is a little hard to answer. If you made a verbal agreement which was witnessed by...
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