21 March 2025 | 9 replies
The rule is the same: no smoking/vaping of any substance inside the rental, garage, or any outbuilding.
17 March 2025 | 22 replies
I will say that ALL of my evictions have occurred with tenants who have/or developed substance issues.
22 March 2025 | 246 replies
Those Youtubers just have content hysteria that must be sold to get people to view, it lacks credentials when it lacks substance.
10 March 2025 | 48 replies
Despite paying a substantial fee, I found that beyond basic instructional videos and repetitive weekly calls, there was little substance to aid my learning.
7 March 2025 | 7 replies
Therefore, transferring the property to your own LLC would not trigger a sale or allow you to claim the Section 121 exclusion.Engaging in transactions that lack economic substance or are primarily for tax avoidance purposes can attract IRS scrutiny.
5 March 2025 | 9 replies
We have been chasing money judgements for a few years and haven't gotten anything of substance back.
6 March 2025 | 39 replies
This is a substance of the transaction vs. structure issue.
3 March 2025 | 7 replies
But.....There is simply not enough information in this scenario to offer you anything of substance.
25 February 2025 | 7 replies
In the end, it cancels out any benefit.Loss of Key Homeowner BenefitsIf you sell your home to an LLC or S-Corp, you’ll lose:$250k/$500k capital gains exclusion on selling a primary residence.Homestead exemption on property taxes.Owner-occupied insurance rates, which are cheaper than rental insurance.Substance Over FormIn tax law, the IRS looks at the substance of a transaction, not just the form.
6 March 2025 | 2057 replies
Depending on your strategy and goals, maybe this structure can help you.It sounds to me like there would be no economic substance in paying yourself rent other than to lower your tax bill.