InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Ready to Pull the Trigger Posted by BTI on June 09, 2009 at 11:56 AM In Reply to: Ready to Pull the Trigger posted by Dawn on June 08, 2009 at 8:16 AM Dawn In addition to what Ward said, check with your tax advisor. What if you needed to sell in a few years with a profit and wanted to use IRC 121. The LLc is the owner, not you so the exemption may be lost because you don't meet the 2 year owner occupied requirement. BTI Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Dawn : In addition to what Ward said, check with your tax advisor. What if you needed to sell in a few years with a profit and wanted to use IRC 121. The LLc is the owner, not you so the exemption may be lost because you don't meet the 2 year owner occupied requirement. : BTI [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455