InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Zackery, Steve, how did you handle his problem? Posted by Sara_CA on November 16, 2003 at 4:28 PM In Reply to: Be Careful posted by jom on November 14, 2003 at 11:57 PM : ...there might be tax consequences when you deed from yourself to the Corp. : You'd better have an account who knows something about these kinds of sales. : Remember the 3.3% is only a WITHOLDING. It's bad because the CA has your money : for a while BUT you will get it back if you actually paid too much. It is NOT' : worth creating a taxable transaction just to avoid it. You might end up paying MORE : in the long run. : Check with an accountant. : jom Thank you, Zackery, Steve, Jom, for your responses/help. How DID YOU go around this problem? Follow Ups: Re: Zackery, Steve, how did you handle his problem? jom 6:19 PM, 11/16/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : ...there might be tax consequences when you deed from yourself to the Corp. : : You'd better have an account who knows something about these kinds of sales. : : Remember the 3.3% is only a WITHOLDING. It's bad because the CA has your money : : for a while BUT you will get it back if you actually paid too much. It is NOT' : : worth creating a taxable transaction just to avoid it. You might end up paying MORE : : in the long run. : : Check with an accountant. : : jom : Thank you, Zackery, Steve, Jom, for your responses/help. How DID YOU go around this problem? Optional Link URL: Link Title: Optional Image URL: [ 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 © 1997-2003, 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