![]() |
Foreclosure Forum |
|
Re: title holding trustsIn Reply to: title holding trusts posted by todd-wa on July 07, 2001 at 9:31 AM
: Definition Of Debt-financed Property : "For purposes of section 514 and the regulations thereunder, the term debt-financed property means any property which is held to produce income (e.g., rental real estate, tangible personal property, and corporate stock), and with respect to which there is an acquisition indebtedness (determined without regard to whether the property is debt-financed property) at any time during the taxable year. The term income is not limited to recurring income but applies as well to gains from the disposition of property." ============ Todd, I dont see any magic by use of the title holding trust since all profits and losses flow through it directly to the beneficiary.
Follow Ups: Post a Followup:
|
Copyright © 1997-2001, InnoVest Resource Management
InnoVest Resource Management, 4080 Centre Street, Suite 204, San Diego CA 92103-2657
(619) 296-9596, Fax (619) 296-6443