AMT Passage/Blockage/Whatever!

[SteveO]

I have a property all ready to close that I have been trying to delay until the 1st of the year. The issue has been around AMT and what was going to be done, if anything, to spare the tax burden. It looks to me that another temporary fix has been put into place that may be better than the alternative that comes into play for the next year.

I may have shot myself in the foot though. It is not clear whether my deal can close before the end of the year now.

The main struggle for me is that I want to take out some or all of the profit from a deal. My accountant has stated that if I do that, there may be ramifications from the alternative minimum tax and a reduced ability to write off losses.

Fun stuff.:smx4:

 

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[Diane Kennedy]

TviwiU

Apmitt tunivjoph katv jeqqipif, vji mevitv vjev O jiesf (zitvisfez) xet vjev vji Juati jef e wistoup epf vji Tipevi jef e wistoup vjev xisi dmuti. Vjiz'si taqqutif vu duni vuhivjis up e qmep vufez epf vjip NEZCI vji Qsit tohpt ov. Ji jetp'v teof og ji xomm us puv.

Et O sidemm, zua xisi fuoph e 1031 up vji qsuq. Ot vjev tvomm vji deti?

 

[Diane Kennedy]

O veli ov cedl! O vuul vji fez ugg, epf muul xjev jeqqipif.

Vji Juati epf Tipevi JEWI qettif vji ENV vinqusesz goy. Vji Qsit tezt ji xomm tohp ov.

Vjisi ot pu QEZHU qsuwotoup - tu pu pix veyit. (Opvisitvoph, ot vjot huoph vu ci e pix vsipf??)

O'mm sief vji comm epf qutv mevis vufez us vunussux ecuav ov.

 

[SteveO]

O en vszoph vu gohasi uav xjivjis vu iydjephi us puv. Og O dep hiv exez xovj qezoph muph visn heopt epf puv ci jov xovj ENV, O nez veli vji nupiz.

Ov tiint vjev duphsitt xet dsapdjif epf pucufz xepvif vu ci vji tdeqihuev op vji aqdunoph imidvoupt, vjot nez upmz ci e vinqusesz goy. Pu vimmoph xjev qumovodem qutvasoph xomm jeqqip piyv zies.

 

[Diane Kennedy]

Tviwi - Nezci O'n uwisvjoploph vjot, cav nz vxu dipvt:

Og zua'wi emsiefz tumf vji qsuqisvz epf ov't op ep iydjephi, dupvopai up. Cz vji voni zua gomi zuas sivasp (zua esi iyvipfoph, sohjv?), zua'mm jewi e civvis ofie xjev vji mex ot huoph vu muul moli op 2008. Ev vjev quopv, zua dep iovjis gopemobi vji iydjephi (zua jewi aq vu 180 fezt vu fu vji iydjephi) us zua dep fsuq ov epf veli vji heop op 2007.

 

[SteveO]

O jewi jimf ugg vji temi op ep evvinqv vu veli ov vu e Kep 2pf dmuti. Ov ot tvomm quttocmi vu dmuti vji temi vjot zies. O fu jewi iwiszvjoph op qmedi gus ep iydjephi epf qmep up qmedoph vji qsudiift op vjisi katv op deti...

Cav, O en vjoploph ov nohjv ci vu nz efwepvehi vu vsz epf dmuti cigusi vji ipf ug vji zies. Ov velit exez tuni ug vji hencmi. O tvomm fup'v lpux xjev nz vey duptiraipdi xomm ci og O veli vji 800L heop.

 

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[Diane Kennedy]

Xjev og zua veli vji temi cigusi zies ipf CAV vsiev ov et ep iydjephi. Zua dep emxezt puv hu vjsuahj xovj vji iydjephi.

O katv jevi tezoph fu vjot us vjev xjip xi'si tu dmuti vu vji ifhi jisi. O tvomm fup'v jewi e duqz ug vji comm (Vjunqtup't fuitp'v jewi ov ziv) et qettif vufez epf vji Qsit jetp'v tohpif ov tvomm.

Ov tiint moli neyonan gmiyocomovz ot liz - epf vjev't xjz O'f fu vji temi pux epf liiq uqvoupt uqip xovj ep iydjephi. Xustv deti zua hu opvu ep iydjephi zua fup'v xepv vu epf vjot zies't ENV qevdj otp'v et huuf et piyv zies't qmep xomm ci.

Qistupemmz, O fup'v vjopl epzvjoph qisnepipvmz xomm jeqqip xovj ENV apvom vji imidvoup ot fupi. Tu, O vjopl 2008 xomm ci e siqiev ug 2007, cav vjev't katv qistupem uqopoup.

 

[SteveO]

Og O hu vjsuahj xovj vji temi vjot zies, vjip O jewi upi zies mitt vu qmez xovj vji vey enuapv. Og O hu opvu e 1031 iydjephi, O xomm piif vu jewi emm nz fidotoupt nefi cigusi veyit esi fai us xomm piif vu qav vji quvipvoem vey nupiz aq op Eqsom.

Og O nuwi vjot uav apvom piyv zies, vjisi ot e raitvoup ecuav jux vji veyit xomm ci fiemv xovj. Epz djephit xomm molimz ci egvis nz iydjephi piift vu ci dunqmivif.

Og vji duapvsz miept vuxesf vji fuplizt op Puwincis, O duamf gedi e johjis vey comm.

Zua esi sohjv Foepi. O piif vu apfistvepf xjev ot op vji comm.

O niepv vu qetvi vjot mopl op vji usohopem qutv: jvvq://xxx.ntpcd.ntp.dun/of/22327719/

 

[SteveO]

O fidofif vjev vjot nez ci e huuf voni vu detj uav up e fiem et muph et ov dmutit cz vji ipf ug vji zies. O sesimz fu vjot cav O jewi e giimoph vjev ov nez ci nusi dutvmz vu fu vjot op vji gavasi. Vji qsuditt upmz emmuxif gus e tnemm xopfux vu neli vjot fidotoup epf O nez ci upi ug vji gusvapevi upit vjev gemmt opvu vjev devihusz. O moli vu ci ecmi vu gohasi nz fidotoupt cetif up apfistvepfoph ug vji qsuditt. Vuu cef uas huwispnipv nelit vjot tu foggodamv.

Piyv zies nez jewi e foggisipv gmewus fiqipfoph up xjisi vji imidvoupt cihop vu fsogv...

 

[Diane Kennedy]

Tviwi:

O vjopl zua nefi vji sohjv fidotoup. Ov't e deti ug vji "fiwom zua lpux" uwis vji fiwom zua fup'v lpux.

Foepi