
17 February 2025 | 6 replies
As a part of the partnership with the state of Virginia, which included $750 million of Virginia taxpayer money for infrastructure improvements to support the Amazon HQ2, Virginia is offering Amazon $550 million in grants for hitting that hiring goals, and an additional $200 million for hiring 12,850 more employees from 2030-2034.

16 February 2025 | 71 replies
Can anyone step to the plate and name the leading Broker Dealers in the DST space.My exchange clock is ticking, so your insight would be greatly appreciated.Robert CWith DST you can't purchase directly to the seller where you should use broker, your out of pocket is typically 6-10%.That also includes the upfront profit charges that the sponsor making.Basically to delay the tax payment, you have to pay the other guy, for something that's cash flowing very miniscule and you have to repeat again after 3-5 years.

20 February 2025 | 114 replies
But since the syndication is the tax payer for the property it can do a 1031 exchange itself.

23 February 2025 | 80 replies
Apparently there is good money in writing reports:U.S.Department of EducationInstead of improving outcomes for students, here’s where taxpayer dollars were going:$3,000,000 contract to write a report that showed that prior reports were not read by anyone$1,400,000 contract to physically observe mailing and clerical operations (to watch people type)

7 February 2025 | 6 replies
@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

8 February 2025 | 6 replies
If your a cash basis taxpayer you can’t take the loss until realized.

7 February 2025 | 0 replies
Since then, they have operated under government control, but privatization has been a recurring topic of debate.Why Privatization is Being ConsideredSecretary Turner, along with some policymakers and industry leaders, argues that privatizing the GSEs could reduce taxpayer exposure, increase market efficiency, and encourage more private sector participation in mortgage lending.

6 February 2025 | 2 replies
You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

7 February 2025 | 12 replies
The rule is based on if it's "within the primary dwelling unit" of the taxpayer or not.

4 February 2025 | 4 replies
Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.