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February 19, 2009 at 8:08 PM in reply to: “Gone in 60 Days: Citi and Bank of America Won’t Live to See May” #350183February 19, 2009 at 8:08 PM in reply to: “Gone in 60 Days: Citi and Bank of America Won’t Live to See May” #350504
DataAgent
ParticipantAnd in other news…
Temecula Valley Bank received a love note from the FDIC today:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090218005351&newsLang=enFebruary 19, 2009 at 8:08 PM in reply to: “Gone in 60 Days: Citi and Bank of America Won’t Live to See May” #350629ParticipantAnd in other news…
Temecula Valley Bank received a love note from the FDIC today:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090218005351&newsLang=enFebruary 19, 2009 at 8:08 PM in reply to: “Gone in 60 Days: Citi and Bank of America Won’t Live to See May” #350663ParticipantAnd in other news…
Temecula Valley Bank received a love note from the FDIC today:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090218005351&newsLang=enFebruary 19, 2009 at 8:08 PM in reply to: “Gone in 60 Days: Citi and Bank of America Won’t Live to See May” #350762ParticipantAnd in other news…
Temecula Valley Bank received a love note from the FDIC today:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090218005351&newsLang=enParticipant“The starting point is the property’s (1) adjusted basis at the time of conversion or (2) fair market value at the time of conversion, whichever is lower.”
Tax law has always said the above. ‘Adjusted Basis’ is factual. That’s what you paid for your house PLUS improvements. Pretty easy to prove. However ‘Fair Market Value in 2009’ is subjective. It’s your call. You’re not a real estate professional are you? What is your place worth right now? It’s worth what you paid for it, of course. After you’ve rented your place for 5 years (year = 2014), how could the IRS ever argue with your estimate of FMW in 2009? Buy some confidential time with a good tax professional. Maybe try a tax attorney.
Participant“The starting point is the property’s (1) adjusted basis at the time of conversion or (2) fair market value at the time of conversion, whichever is lower.”
Tax law has always said the above. ‘Adjusted Basis’ is factual. That’s what you paid for your house PLUS improvements. Pretty easy to prove. However ‘Fair Market Value in 2009’ is subjective. It’s your call. You’re not a real estate professional are you? What is your place worth right now? It’s worth what you paid for it, of course. After you’ve rented your place for 5 years (year = 2014), how could the IRS ever argue with your estimate of FMW in 2009? Buy some confidential time with a good tax professional. Maybe try a tax attorney.
Participant“The starting point is the property’s (1) adjusted basis at the time of conversion or (2) fair market value at the time of conversion, whichever is lower.”
Tax law has always said the above. ‘Adjusted Basis’ is factual. That’s what you paid for your house PLUS improvements. Pretty easy to prove. However ‘Fair Market Value in 2009’ is subjective. It’s your call. You’re not a real estate professional are you? What is your place worth right now? It’s worth what you paid for it, of course. After you’ve rented your place for 5 years (year = 2014), how could the IRS ever argue with your estimate of FMW in 2009? Buy some confidential time with a good tax professional. Maybe try a tax attorney.
Participant“The starting point is the property’s (1) adjusted basis at the time of conversion or (2) fair market value at the time of conversion, whichever is lower.”
Tax law has always said the above. ‘Adjusted Basis’ is factual. That’s what you paid for your house PLUS improvements. Pretty easy to prove. However ‘Fair Market Value in 2009’ is subjective. It’s your call. You’re not a real estate professional are you? What is your place worth right now? It’s worth what you paid for it, of course. After you’ve rented your place for 5 years (year = 2014), how could the IRS ever argue with your estimate of FMW in 2009? Buy some confidential time with a good tax professional. Maybe try a tax attorney.
Participant“The starting point is the property’s (1) adjusted basis at the time of conversion or (2) fair market value at the time of conversion, whichever is lower.”
Tax law has always said the above. ‘Adjusted Basis’ is factual. That’s what you paid for your house PLUS improvements. Pretty easy to prove. However ‘Fair Market Value in 2009’ is subjective. It’s your call. You’re not a real estate professional are you? What is your place worth right now? It’s worth what you paid for it, of course. After you’ve rented your place for 5 years (year = 2014), how could the IRS ever argue with your estimate of FMW in 2009? Buy some confidential time with a good tax professional. Maybe try a tax attorney.
ParticipantI remember reading an article last year in the San Diego Business Journal (http://www.sdbj.com/) regarding those big yachts. Something about the city rebuilding the area just north of the Star of India to accommodate and cater to megayachts. If I find the article, I’ll post it later.
ParticipantI remember reading an article last year in the San Diego Business Journal (http://www.sdbj.com/) regarding those big yachts. Something about the city rebuilding the area just north of the Star of India to accommodate and cater to megayachts. If I find the article, I’ll post it later.
ParticipantI remember reading an article last year in the San Diego Business Journal (http://www.sdbj.com/) regarding those big yachts. Something about the city rebuilding the area just north of the Star of India to accommodate and cater to megayachts. If I find the article, I’ll post it later.
ParticipantI remember reading an article last year in the San Diego Business Journal (http://www.sdbj.com/) regarding those big yachts. Something about the city rebuilding the area just north of the Star of India to accommodate and cater to megayachts. If I find the article, I’ll post it later.
ParticipantI remember reading an article last year in the San Diego Business Journal (http://www.sdbj.com/) regarding those big yachts. Something about the city rebuilding the area just north of the Star of India to accommodate and cater to megayachts. If I find the article, I’ll post it later.
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