Favorite team:LSU 
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Number of Posts:300
Registered on:8/15/2007
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re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81
Thanks, I'll check out the 1031. Looks complicated. Involving 3rd parties. ...
Posted on Money Talk
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re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81
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)...
Posted on Money Talk
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re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81
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 ...
Posted on Money Talk
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re: Is anyone here an expert on depreciation of rental property after it's sold? - Gutterman81
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?...
Posted on Money Talk
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re: LSU v. Florida Game is cancelled. "Postponed" - Gutterman81
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 ...
Posted on Tiger Rant
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re: The OFFICIAL Vice Presidential Debate Thread | 8 PM CT | Mike Pence vs Tim Kaine - Gutterman81
I'll be back in a few....gotta help my kid study for her 5th grade civics class....Kaine is an idiot...
Posted on Political Talk
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re: The OFFICIAL Vice Presidential Debate Thread | 8 PM CT | Mike Pence vs Tim Kaine - Gutterman81
[quote]Pence is awesome. The moderartor keeps allowing Kaine to interrupt and then shuts Pence down.[/quote] This...
Posted on Political Talk
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re: Life Insurance questions - Gutterman81
Friend of mine used to work for nwm...the love them some whole life...
Posted on Money Talk
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re: Life Insurance questions - Gutterman81
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...
Posted on Money Talk
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re: Life Insurance questions - Gutterman81
I got a million through banner...shopped with Zander. 28 a month. 15 year. Yes, get it while she's young...
Posted on Money Talk
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re: Police released video of the fatal shooting of unarmed black man in Oklahoma - Gutterman81
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: ...
Posted on O-T Lounge
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re: Things that young kids do that tick you off - Gutterman81
Drinking all of my coffee so he can game all night ...
Posted on O-T Lounge
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re: Flood Insurance Fraud Story-You aren't going to believe this one. - Gutterman81
[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...
Posted on Money Talk
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re: My dad tells me the adjuster said not - Gutterman81
[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...
Posted on O-T Lounge
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re: My dad tells me the adjuster said not - Gutterman81
I could understand if this disaster was isolated and the adjuster could be there in a day or two....but no time frame for him to show up. ...
Posted on O-T Lounge
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My dad tells me the adjuster said not - Gutterman81
to remove cabinets in his home until he takes a look at them. Any other adjusters say the same thing? I don't get this, meanwhile mold is growing.......
Posted on O-T Lounge
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Steps for reconstructing home after flood.... - Gutterman81
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 ...
Posted on O-T Lounge
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re: The Great Flood of 2016: Fill Out Disaster Forms NOW. Link Inside! - Gutterman81
Anyone have updates on womans hospital? Looked like the parking lot was taking water yesterday, not sure if it got in the hospital....
Posted on O-T Lounge
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re: Anyone ever heard of my loan underwriter situation? - Gutterman81
Maybe they want to verify consistent O.T. on each paycheck?...
Posted on Money Talk
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