I own rental property 50% tenants in common, in a sale will I have to pay back all the depreciation the other owner wrote off?
It's possible. Please consult with a tax CPA on this one.
Los Angeles, CA
Trusts Lawyer at Los Angeles, CA
Practice Areas: Trusts, Limited Liability Company (LLC)
It's possible. Please consult with a tax CPA on this one.
It is not necessary to put your sister in law on title unless she does not feel comfortable without being named. When you say she "helps out"...
Your question is confusing. You state " Can I go back to being a LLC." And at the end of your question you state "I want to go back to my...
I agree with attorney Gallo and would add that we here at Avvo could not possibly give you a clear answer without reviewing the purchase...
Usually the only time a lawyer gets involved in California is when you the buyer have specific question(s) regarding the contract terms. Also if...
Its very grey and I think borderline fraud, because you are using a new corporation with almost the same name as the suspended corporation as a...
Answer: Maybe not. The facts you have not revealed, concern the purchase of the real properties DURING THE MARRIAGE. The question is did you use...
I assume (which one should never do), that the new trust has language which "revokes" the priot trust?? If so, 'yes' you should quitclaim the...
Need to know a lot more about where this question is coming from? What do you consider the be the risks?
If your LLC was peoperly formed, you should have an Operating Agreement. That has to be reviewed to determine the process for the removal of a...