Search results for "trust funds" | firsttuesday Journal

Beneficiary’s profits on foreclosure

Posted by ft Editorial Staff | Jun 6, 2007 | Real Estate |

This article reviews the presumption a lender receives no reportable profit when acquiring property by foreclosure, and the carryback seller’s exemption on foreclosure. A tax-free, note-for-property exchange A borrower...

The economics of income property

Posted by ft Editorial Staff | May 5, 2007 | Investment, Real Estate |

This article presents an overview of the economic benefits a rental property provides for investors. The benefits of group investments The greatest benefits a syndicator and his group of investors are able to receive from an...

A carryback note becomes worthless

Posted by ft Editorial Staff | Apr 4, 2007 | Real Estate |

This article reviews how a seller may write off his cost basis in a note that was carried back on the sale of rental or investment real estate and is now uncollectible. Writing off an exhausted bad debt A seller of real estate...

April 2007 Recent Case Decisions

Posted by ft Editorial Staff | Apr 4, 2007 | Real Estate, Recent Case Decisions |

Homestead exemption shared by domestic partners as co-owners Two co-owners owned an undivided interest in a home. The co-owners were registered in California’s Domestic Partnership registry. Both co-owners filed for bankruptcy....

Equity sharing co-ownership

Posted by ft Editorial Staff | Mar 3, 2007 | Real Estate |

This article explores the tax aspects that encourage the equity sharing co-ownership of a principal residence by a homeowner and an investor. The investor co-owner A young couple, with the help of their broker, finds their...