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If the partners of a partnership want to dissolve the
If the partners of a partnership want to dissolve the partnership, and the partnership has a piece of real property, can they "divide" the property and do individual 1031 transactions or would the 103… read more
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I purchased an abandoned house in April 2018 along with a "partner" Bob for $20K. The plan was that i was going to front all the costs (including the 20K), and in exchange Bob was going to manage all … read more
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I am selling my property on which I have lived for 17 years.
I am selling my property on which I have lived for 17 years. It is owned within a family partnership in which I and my brother are the only partners. Can I use it as sale of home for tax purposes. Or … read more
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I recently sold my property in San Francisco. 70% of it was
Second opinion] I recently sold my property in San Francisco. 70% of it was income property, 30% was owner occupied. Now I want to purchase another property as a primary residence. I do not believe th… read more
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I'm a realtor and was just contacted by a client who bought a house through me in September 2016. Her husband passed away Dec 2, 2017, and now wants to sell the house as it is too big for just her and… read more
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I would like assistance with a few questions relating to a
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I expect to sell my income property in Sept and to put the
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I have questions about my daughter has agreed to sell her
Hi, I have questions about my daughter has agreed to sell her Interest in a building. I would like to forward the concerns via email, but can't figure how to attach the email.Do you have one I can for… read more
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We have a two member LLC. Member A wants to buy out Member..
We have a two member LLC. Member A wants to buy out Member. B. Member B is willing to sell and reinvest the proceeds in a 1031 tax exchange transaction. Since the sale of shares is not eligible for 10… read more
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Some 32 years ago my mother invested about $27,500 in a
Some 32 years ago my mother invested about $27,500 in a limited partnership, which I inherited from her about 13 years ago. The General Partner has accept a purchase agreement to sell the property and… read more
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We have two LLC in MN. My question is can this be done. Drop
We have two LLC in MN. My question is can this be done. Drop and Swap. Do we have another method to do this? Joe Multi-member o A two or multi member LLC owns a property and one member wants to cash o… read more
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A property held in an LLC, which has 4 equal members is
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What are the tax implications of changing the members of an
What are the tax implications of changing the members of an LLC to TIC's? This LLC holds one apartment complex and my partner and I would like to part ways after the sale of the property. I heard that… read more
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A partnership which owns a building is going to be sold. One of the partners, with a 25% interest, has an opportunity to be a 25% partner in the new partnership, at a cost equal to his pro-rata portio… read more
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What are the tax implications if a member of an LLC which owns 75% transfers his interest to the other member who owns 25% so that the minority member then owns 100%? The LLC has negative equity and o… read more
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I am a gen. partner in an apt. building, and own a 25% share.
I am a gen. partner in an apt. building, and own a 25% share. The bldg. will be sold soon and the partners paid off in proportion to their shares. I would like to cooperate with 1 or 2 of the other pa… read more
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My in-laws want to sell one of their investment properties
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