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@FarmerJ Unfortunately with a nonconforming lot nothing can meet current code and there's not way to comply unless I buy another adjacent lot.
@adjusterjack
I'm going to try to address what you wrote under the assumption your trying to be helpful (why else write on a forum that is meant for...
@LdiJ I was under the impression that listing my state above indicated I would be able to gain knowledge on Colorado Laws. Is this not what this forum is about? I did not ask about County or Local Laws.
@FlyingRon I probably did not make my self clear enough and thus the assumptions....
I...
What is the name of your state? Colorado
I have a lot that is nonconforming and I can't find anything in the county charter that specifically addresses nonconforming lots. I also can't seem to find anything in Colorado law that regulates it either. So my question is there a legal difference...
The biggest part of this scenario I misunderstood was that the amount distributed is still taxed. I thought that portion was considered tax free not just FICA tax free.
Thanks for taking the time to help me understand.
Very very helpful information,
I am currently reading up on the pass through business deduction so I don't have to waste your time more. It doesn't seem to be factored in on your calculations though.
Thank you for your in depth response!
Yes you are correct in assuming that I live in one side of the unit and the business is an S Corp. Also the work is only being done in the empty rented unit. However as for wages... I typically bill myself out at 50-60 an hour and pay myself 30-35 an hour...
What is the name of your state? Colorado
I have a duplex and also own a construction company. Albeit its just me working in the company mostly but it is incorporated. So the question again is: Can I hire myself to work on my duplex and write off materials AND LABOR costs? Then hold the money in...
What is the name of your state (only U.S. law)? Los Angeles County California
My Landlord told the cops I do not live there because I removed my suitcases and clothes from the room I was renting and put it in my car. The room is fully furnished so its livable, I just didn't trust leaving my...
What is the name of your state (only U.S. law)? California
I rented a room in a home. 2 weeks into my rental agreement they forced me out of the room and asked me to stay in the living room instead. Apparently there saying the room was previously occupied and the tenant came back earlier than...
What is the name of your state (only U.S. law)? Alabama
So I used a Providence health facility which is covered by my insurance and apparently almost all of the doctors are covered except the new ones? I asked the office if the doctor was an in network provider and was told yes and asked if it...
What is the name of your state (only U.S. law)? New York
My car was parked and I was hit. The other driver is a friend and has admitted fault. However I gave him the option of trying to repair the vehicle without filing a claim. It turns out he didn't use a professional and the work came back...
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