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    1. S

      ordinary income vs capital gain

      What is the name of your state (only U.S. law)? florida Hi, My question is regarding capital gains vs ordinary income. My husband is a second mortgage holder to a piece of real property held as business investment. The property went into bankruptcy and my husband received a monthly check from...
    2. S

      scclark9

      What is the name of your state (only U.S. law)? florida Hi, My question concerns who is responsible for an auto accident claim. My son purchased a truck from my husband in June of 2010. He took the bill of sale and obtained a loan to pay off my husbands loan. This was also in June...
    3. S

      scclar9

      What is the name of your state (only U.S. law)? fl my son (19 years) was involved in an auto accident which was his fault. We have insurance. My question is, Can I be sued personally if the title to the truck is in my sons name but the insurance is in mine and my husbands name. There were no...
    4. S

      scclark9

      What is the name of your state (only U.S. law)? fl hi, I had a 1231 loss in 2004 of $1948. How do I claim it? I haven't had any gains but I did have depreciation recapture for 2007(I suppose it was 2007- I was audited in 2009 for 2007 and the agent recaptured depreciation and listed it under...
    5. S

      scclark9

      What is the name of your state (only U.S. law)? fl Hi, I hold a second mortgage on a piece of real property currently in foreclosue. How do I report income from the trustee on my taxes? Te debtor in under reorganiztion and pays me so much money per month on his debt. Is this investment...
    6. S

      scclark9

      What is the name of your state (only U.S. law)? fl My husband has a sole proprietorship. In 2002 he attempted to purchase property for the business. He put up $10,000 earnest money and obtained a contract. The owner decided to sell to someone else and did not repay the 10,000. After several...
    7. S

      Help

      What is the name of your state (only U.S. law)? Fl I sold a motor,July 21, on ebay which was paid for by the ebay buyer. He paid 1100.00 for the item and 500.00 for the delivery fee. I paid an individual shipper, thru uship, to deliver this motor to the buyer in another state. The shipper...
    8. S

      tenets going to jail

      What is the name of your state (only U.S. law)? fl My tenets were just arrested for growing marijuana in my rental house. They both went to jail. They were suppose to move out on Friday July31. Do they get their security deposit back and what do I do with their belongings. They are paid...
    9. S

      trust

      What is the name of your state (only U.S. law)? fl My son, who is now 18, received a settlement in 2008 for an accident he was in. At the time, he was a minor and the money was deposited into my personal account. My intention is to hold the money for school, a vehicle, or some other big...
    10. S

      scclark9

      What is the name of your state (only U.S. law)? fl My husband and I have a rental property in our name and another individual. I am the only named mortgage holder. We are all three on the deed. The other individual gave us $40,000which I paid capital gains tax on in 2004. My husband and I...

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