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    1. T

      lot in arkansas

      yea. i think my realtor already tried to sell it to them i need to talk about it more with him - thanks
    2. T

      Trust question

      gosh, does the trust give the trustee total say of how the funds are to be distributed to you ?? there are absolutely no guidelines ?
    3. T

      lot in arkansas

      i have one next door neighbor - i dont know about the other side
    4. T

      lot in arkansas

      thanks for the input
    5. T

      lot in arkansas

      in a place called bella vista when i google arkansas, it is just north of bentonville, which itself is north of rogers and fayetteville
    6. T

      lot in arkansas

      thanks guys, since i am trustee, the lot has been in my name as trustee for 15 years. and i am concerned about my credit. there is one neighbor, cuz i just had to shovel out 275 to remove a tree that had been damaged in a recent windstorm i have it listed, so i will call the broker this...
    7. T

      lot in arkansas

      i would be happy to give it away. it is less than useless to me
    8. T

      lot in arkansas

      What is the name of your state?california / arkansas i hope this is the correct forum ? we inherited a lot in arkansas. i cant even sell it for $500. i am sick and tired of paying property taxes and hoa dues. i just got an annual hoa bill for $192 i would like to simply abandon the...
    9. T

      long term and short term gains and losses

      thanks again everyone, i think i have resolved the matter. from what i am hearing from you guys, what i am currently doing would eventually cross that line i just talked to my realtor. she is happy to rent the properties out for me. so after these initial 3, i will be keeping them for at...
    10. T

      long term and short term gains and losses

      i guess that is what i was hoping to get from you - a bright line test i dont get too involved though, with the contractors who do the work my realtor knows the area - if she tells me she has something for me to buy, i tell her i will buy it. if we are able to purchase it, she has all the...
    11. T

      long term and short term gains and losses

      hi ron, i simply dont want to have that sort of involvement in all of this. setting up a corp, etc. but i do sorta chuckle at "a reasonable wage" - i dont do much of anything - LOL
    12. T

      long term and short term gains and losses

      do you think i could contact the irs directly, and get a ruling from them ? i am not trying to hide anything. either they want me to help create jobs for others, or they dont. they probably make a lot more money (when you count the taxes on everyone else's income, including my own), by me...
    13. T

      long term and short term gains and losses

      thanks tm, i still can not tell what you think of my situation ? i was hoping to make it regular and continuous, just like i hope my loans are regular and continuous. making 1/10% at the bank is not accomplishing much !! but i would never consider myself to be in business, cuz i dont do...
    14. T

      long term and short term gains and losses

      hi dave, doing a bit more research, let's use dealer and flipper to be synonymous. holding period does seem to be a very significant point. 2 years is considered safe. 1 year is fairly safe. another thing in my favor is whether seller has a day job or other income to support himself ? or is...
    15. T

      long term and short term gains and losses

      plus i would like to get this carryover loss off my books !! especially since i am probably adding 75 to it. if i can only reduce it 3 a year, i will be 150 before it all comes off - LOL
    16. T

      long term and short term gains and losses

      i would not want to say it is 100% proof. but i do think it is getting me a lot closer. also i dont think they are using the term "dealer" to be synonymous with "flip". i truly do not think that the irs would consider me to be a "dealer", such that i am expected to pay self-employment tax...
    17. T

      long term and short term gains and losses

      my involvement is very minimal - nothing like a typical flipper in business is like. i can either lend money out, or try this route. i figured flipping properties helps others, in the sense that people are employed, products are bought, neighborhoods are improved, etc. but if the feds force...
    18. T

      long term and short term gains and losses

      thank you dave, tm, ldij, payrollhguy, and all others who have contributed. i will always be the sole owner. i would prefer not to rent them out. but if you guys think that would reduce my chances of being considered a dealer, then i guess i might need to go that route.
    19. T

      How to leave $ to Married son only.

      you could have your assets in trust, and simply give the income of the trust to your son. you could also then decide what you want done with the trust, once your son dies
    20. T

      long term and short term gains and losses

      just from research that i have done on the net

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