What is the correct amount to depreciate on an investment property purchased through 1031 exchange?
The amount you can depreciate is whatever is left on the original $50,000 investment plus any new funds invested in the replacement property. ...
Los Angeles, CA
Tax Lawyer at Los Angeles, CA
Practice Areas: Tax, Estate Planning
The amount you can depreciate is whatever is left on the original $50,000 investment plus any new funds invested in the replacement property. ...
I do not know if you need to subscribe to the University of South Florida. Nor can I tell if you need an FCC 214. The reason for both is that I...
It normally takes a short amount of time to get a response to an IRS Form W-9. So you should talk to a competent CPA to find out what the problem is.
You should not sign anything with your ex without having it reviewed by a lawyer. You should not owe taxes to Alabama unless you were residents of...
Yes you should report the sale. You should report the interest that you receive as payments.
If the expenses would be deductible by you, then they should not be taxable income to you.
If the new owner wants to sell it to you then, yes, you can buy it from the new owner.
It sounds like you are asking if you can claim ownership of a property by adverse possession if you paid the taxes on the property. For that...
Yes, you need to promptly retain a tax lawyer in Mississippi quickly to represent you. The state can pursue you in Florida if has a judgment...
Selected as the best answer
You need to contact a competent business or tax lawyer in a good quality Canadian law firm for help.