[enron_by_the_sea]

[quote=SD Realtor]Yeah that 2 out of 5 years exclusion is nice. Even if you pass that exclusion though, if you have cap losses you are carrying forward from perhaps stocks or something, if you sell the home as a purely income property you can line that gain up against those losses..[/quote]

Is that really true? I have been told that operating losses in a year are considered passive activity and can not be used to reduce taxable income or investment income. Not sure about cap gains though.

If it is true, what is the basis for capital gain? The original purchase price or market value at the time when it turns into a rental?

[enron_by_the_sea]

[quote=SD Realtor]Yeah that 2 out of 5 years exclusion is nice. Even if you pass that exclusion though, if you have cap losses you are carrying forward from perhaps stocks or something, if you sell the home as a purely income property you can line that gain up against those losses..[/quote]

Is that really true? I have been told that operating losses in a year are considered passive activity and can not be used to reduce taxable income or investment income. Not sure about cap gains though.

If it is true, what is the basis for capital gain? The original purchase price or market value at the time when it turns into a rental?

[enron_by_the_sea]

[quote=SD Realtor]Yeah that 2 out of 5 years exclusion is nice. Even if you pass that exclusion though, if you have cap losses you are carrying forward from perhaps stocks or something, if you sell the home as a purely income property you can line that gain up against those losses..[/quote]

Is that really true? I have been told that operating losses in a year are considered passive activity and can not be used to reduce taxable income or investment income. Not sure about cap gains though.

If it is true, what is the basis for capital gain? The original purchase price or market value at the time when it turns into a rental?

[enron_by_the_sea]

I think they will spend all their money on the line from nowhere to nowhere (i.e. http://www.newgeography.com/content/001919-building-train-nowhere ). After that bond market will shut down for them and no more lines will be built. The line to San Diego is not even officially planned.

which is weird because LA-SAN is probably the most ridership they can have but they are not even planning to build it 🙂 ! Just shows how screwed up things are!

No less than Washington Post editorial

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/11/AR2011011106259.html

[enron_by_the_sea]

I think they will spend all their money on the line from nowhere to nowhere (i.e. http://www.newgeography.com/content/001919-building-train-nowhere ). After that bond market will shut down for them and no more lines will be built. The line to San Diego is not even officially planned.

which is weird because LA-SAN is probably the most ridership they can have but they are not even planning to build it 🙂 ! Just shows how screwed up things are!

No less than Washington Post editorial

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/11/AR2011011106259.html

[enron_by_the_sea]

I think they will spend all their money on the line from nowhere to nowhere (i.e. http://www.newgeography.com/content/001919-building-train-nowhere ). After that bond market will shut down for them and no more lines will be built. The line to San Diego is not even officially planned.

which is weird because LA-SAN is probably the most ridership they can have but they are not even planning to build it 🙂 ! Just shows how screwed up things are!

No less than Washington Post editorial

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/11/AR2011011106259.html

[enron_by_the_sea]

I think they will spend all their money on the line from nowhere to nowhere (i.e. http://www.newgeography.com/content/001919-building-train-nowhere ). After that bond market will shut down for them and no more lines will be built. The line to San Diego is not even officially planned.

which is weird because LA-SAN is probably the most ridership they can have but they are not even planning to build it 🙂 ! Just shows how screwed up things are!

No less than Washington Post editorial

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/11/AR2011011106259.html

[enron_by_the_sea]

I think they will spend all their money on the line from nowhere to nowhere (i.e. http://www.newgeography.com/content/001919-building-train-nowhere ). After that bond market will shut down for them and no more lines will be built. The line to San Diego is not even officially planned.

which is weird because LA-SAN is probably the most ridership they can have but they are not even planning to build it 🙂 ! Just shows how screwed up things are!

No less than Washington Post editorial

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/11/AR2011011106259.html

[enron_by_the_sea]

Otellini responds to flu –

http://www.eetimes.com/electronics-news/4212204/Despite-skeptics–Intel-keeps-rolling-

So to paraphrase the other thread – “Will we be all safer if everyone were ARMed?”

[enron_by_the_sea]

Otellini responds to flu –

http://www.eetimes.com/electronics-news/4212204/Despite-skeptics–Intel-keeps-rolling-

So to paraphrase the other thread – “Will we be all safer if everyone were ARMed?”

[enron_by_the_sea]

Otellini responds to flu –

http://www.eetimes.com/electronics-news/4212204/Despite-skeptics–Intel-keeps-rolling-

So to paraphrase the other thread – “Will we be all safer if everyone were ARMed?”

[enron_by_the_sea]

Otellini responds to flu –

http://www.eetimes.com/electronics-news/4212204/Despite-skeptics–Intel-keeps-rolling-

So to paraphrase the other thread – “Will we be all safer if everyone were ARMed?”

[enron_by_the_sea]

Otellini responds to flu –

http://www.eetimes.com/electronics-news/4212204/Despite-skeptics–Intel-keeps-rolling-

So to paraphrase the other thread – “Will we be all safer if everyone were ARMed?”

[enron_by_the_sea]

Stop it flu. You are making me log into my brokerage account and click on the sell button.

[enron_by_the_sea]

Stop it flu. You are making me log into my brokerage account and click on the sell button.

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