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Number of Posts:737
Registered on:10/5/2006
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re: Question about long-term capital gains for income tax reporting. - CharleyLake
I know that each member's basis is preserved realative to the LLC Partnership. (24 members) If I understand you, the built in gain will be calculated for each member to the extent that their tax basis was different than their fair market value of the property contributed. That works for me. I ...
Posted on Money Talk
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re: Requesting a legal inerpretation R.S. 45-251 - CharleyLake
I have engaged an attorney that is familiar with eminent domain and expropriation matters and who could negotiate a Right-of-Way and Servitude. I only hope to find an explanation of the statute for the time being from someone that has better literacy awareness than I do. Initially the landman to...
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Requesting a legal inerpretation R.S. 45-251 - CharleyLake
Referencing petroleum definition for common carrier status. (2) Is the meaning of he term "mixture" referencing a hydrocarbon with a non-hydrocarbon or is it referencing to a mixture of gas and liquid states of matter? Specifically the hydrocarbon C2H4 (ethylene) transported via pipeline is a c...
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re: Question about long-term capital gains for income tax reporting. - CharleyLake
As I understand your replies, each grantor has their own individual basis which was determined at the time of their own inheritences. Thank you very much for responding....
Posted on Money Talk
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re: New tax bill- how will it impact you? - CharleyLake
I take your meaning. Some of my family is just like you and your wife are. They were able to borrow to attend professional schools and seemingly are penalized be getting a better education. ...
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Question about long-term capital gains for income tax reporting. - CharleyLake
A few parcels of land which had undivided interests were contributed to a Family Group LLC. Each owner inheirited their interest at different dates. One parcel was sold in 2017. A K-1 form is expected be issued to LLC members in March. How is the basis of the property that was contributed and so...
Posted on Money Talk
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re: YTD 401(K) returns - CharleyLake
I don't feel the pain too much. I have a taxable Dodge & Cox and a Vanguard Fund. Fidelity Energy will bounce back. My other funds are Bridgeway 12+ % YTD and two no-load Franklin Mutual Funds which I have owned over 25 years. I have rolled over about ten IRA's to their family over time. I think ...
Posted on Money Talk
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re: YTD 401(K) returns - CharleyLake
Buffet also said the most money is make in times of greatest pessimism. I have increased my percentage of cash. Only when the tide goes out do we see who is swimming naked. (In a bull market nearly everyone is a genius.) I do not like being mostly on the sidelines having rebalanced earlier ...
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re: YTD 401(K) returns - CharleyLake
My returns will not be as stellar as most of yours. 401K is 6.98% YTD IRA's are 3.99% YTD. I only have four remaining: Rolled over Fairholme last January. Fairholme exceeded market averages for a few years but you gotta fix a chronically leaking boat. and Fidelity Select Energy is down abo...
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re: Guided Duck Hunts in Louisiana - CharleyLake
Have you had any experiece or feedback with Barred Up Outfitters Lodge in that area? I am looking to schedule a day hunt or two after Christmas....
Posted on Outdoor Board
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re: Working as a landman - CharleyLake
Good to know. I take your meaning. I have met with a few attorneys that represented pipeline companies but only two land men(agents). One could not tell me why his client was a common carrier but suggested his client had the power of expropriation. His focus was on obtaining a signature. The seco...
Posted on O-T Lounge
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re: Working as a landman - CharleyLake
Does a landman have the authority to negotiate compensation for a pipeline easement? Does he simply deliver a proposal and is he required to deliver counter offers back to the company he represents? I was contacted by SunCoast Land Services from Lafayette. ...
Posted on O-T Lounge
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re: Anyone been up to Knoxville for a game?? - CharleyLake
The last that I was in the stadium was when Norman Jefferson was the only bright spot for the Tigers.(1980's) I did,however,attend a military reunion in May. Bruch was provided each day at Mariot near the river. One evening a meal was provided on the paddle boad cruise on the Tennessee River. We din...
Posted on Tiger Rant
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re: Moo State Look-a-Like Thread - CharleyLake
Most accurate look-a-like in years! ...
Posted on Tiger Rant
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re: Last LSU player to kick a field goal in NFL - CharleyLake
I take your meeaning. I was there. Good one!...
Posted on Tiger Rant
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re: K'Lavon never played football before JR year - CharleyLake
Wern't you that slow guy who couldn't catch or am I thinking of Curtis....
Posted on Tiger Rant
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re: Is Lake Charles flooding too? - CharleyLake
Contraband Bayou has not climed over its banks except for about 30 minutes yesterday afternoon. It appears that those residents who had flood damage during Hurricane Ike were more impacted by the storm surge than the rainfall which I recall to be only about six or seven inches. Recently people ...
Posted on O-T Lounge
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NOLA Flooding happening because red state doesn't believe in Global Warming - CharleyLake
[img]https://s2.postimg.org/i382kwsop/IMG_6708.png[/img] Stupidity exposes itself ...
Posted on O-T Lounge
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re: Price per Acre of Unimproved Interstate Land - CharleyLake
How is it currently zoned? I am on Bayou D'Inde Pass Road which is light industrial with a recent 37% wetlands evaluation. Is it located west of Sulphur?...
Posted on Money Talk
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re: Karry Vincent and teammates 4x1 under 40s - CharleyLake
The Louisiana Class 5A record 4x1 is 40.78 set in 2002 by Barbe High School led by Justin Vincent. Barbe also won the 4x2 with a time of 1:26.34 ...
Posted on Tiger Rant
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