Recent content by kimcara94

If you sold the properties after 13 months of ownership, the proceeds would be considered long-term capital gains. In this case, you may have used both short-term and long-term carry-over capital losses to offset your long-term capital gains, subject to the tax laws.

Embarking on a condotel venture requires a meticulous legal approach. Consult with a real estate attorney to draft a comprehensive agreement outlining terms, conditions, and timelines for pre-sales. Clearly define the location details, providing as much information as possible without...

The process of expunging or sealing a criminal record can vary depending on the jurisdiction. In Illinois, where Chicago is located, there is a process for expungement or sealing of records. However, it's essential to consult with a legal professional or use resources specific to your situation...

Paying for a motel for a friend for two days doesn't automatically make you legally responsible if they refuse to leave after. However, local laws and motel policies may apply.

I am not a lawyer, but I can offer some general information that might help guide your decision. It's crucial to consult with a legal professional for advice tailored to your specific situation. When you are on OPT (Optional Practical Training), you are allowed to work for an employer in your...

In New York, child support is not solely determined by the custody arrangement but is influenced by various factors. While a 50/50 custody arrangement may impact the child support calculation, other factors such as the income of both parents, health care expenses, and child care costs are also...