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re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81 on 2/15/17 at 10:17 am
I did have an appraisal done when I bought it. So I will use that value as the basis. If/when I ever sell this property (as long as it's below 200k) I should only be tax liable for the depreciated amount (25% taxed) and not any equity correct? (since it was inherited)...Jump to Post - View Topic - Replies (1)
re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81 on 2/15/17 at 6:01 am
What if your original half was inherited? Never been a rental before. Bought out the other half then turned into a rental. Is my basis for depreciation 200k or 100k? Also when it was inherited the asset was valued at 200k, so is this even a taxable asset since it's inherited property and not worth ...Jump to Post - View Topic - Replies (1)
re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81 on 2/14/17 at 11:09 am
What is your basis if you owned half of a property then bought the other person out of their half? Say the house is worth 200k, you paid 100k for the partners half. Then turn it into a rental. What is your basis for depreciation purposes?...Jump to Post - View Topic - Replies (1)
re: LSU v. Florida Game is cancelled. "Postponed" - Gutterman81 on 10/6/16 at 7:56 pm
Coach o needs to bitch slap Foley [link=(http://www.foxnews.com/sports/2016/10/06/hurricane-matthew-forces-postponement-lsu-florida-football-game-other-sporting-events-in-jeopardy.html)]foxnews[/link] Florida athletic director Jeremy Foley said LSU had offered to host the No. 18 Gators in ...
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re: The OFFICIAL Vice Presidential Debate Thread | 8 PM CT | Mike Pence vs Tim Kaine - Gutterman81 on 10/4/16 at 9:03 pm
I'll be back in a few....gotta help my kid study for her 5th grade civics class....Kaine is an idiot...
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re: Life Insurance questions - Gutterman81 on 9/29/16 at 6:16 am
Wife's 37, it's actually 29.56 per month for 1 million, 15 year. Went to Zander and banner happened to be the cheapest for US. There were alot more companies to pick from with similar prices. Banner was really easy. A phone interview. Then lady came to my house and took blood and urine samples. The...Jump to Post - View Topic - Replies (0)
re: Police released video of the fatal shooting of unarmed black man in Oklahoma - Gutterman81 on 9/20/16 at 5:50 pm
Obviously this guy was in his right mind...If my vehicle gives me trouble I make sure I park it directly over the double yellow lines, leave it running, and promptly locate my mechanic....on foot. :banghead: ...Jump to Post - View Topic - Replies (0)
re: Flood Insurance Fraud Story-You aren't going to believe this one. - Gutterman81 on 8/22/16 at 7:56 pm
[quote]payment would/should have been collected at closing, they could have had the app with mortgagee listed and all but obviously mess ups happened as if Flood app was in place, [b]notices would have went out to all when cancelled.[/b][/quote] this...Jump to Post - View Topic - Replies (0)
re: My dad tells me the adjuster said not - Gutterman81 on 8/19/16 at 8:09 pm
[quote]Seems reasonable to me, let the people that will write a check do their job. I get the impatience and want/need to get moving, but I don't see a problem with the insurance company wanting to do its own assessment.[/quote] You're either: A. An adjuster B. Didn't flood C. Both A and B...Jump to Post - View Topic - Replies (1)
Steps for reconstructing home after flood.... - Gutterman81 on 8/16/16 at 6:54 pm
With lots of people without flood insurance what construction steps should I take if I want to do the work myself. Got 3ft of water in my house. Figuring on ripping drywall and insulation 1ft above floodline. Removing doors, trim, flooring. Any recommended chemical solution? Should I replace wiring ...Jump to Post - View Topic - Replies (4)
re: The Great Flood of 2016: Fill Out Disaster Forms NOW. Link Inside! - Gutterman81 on 8/15/16 at 7:39 am
Thx ...Jump to Post - View Topic - Replies (0)
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Haters gonna hate.