If I receive $4000.00 for per month for rent on a commercial property and an additional $1000.00 per month for a 3 year purchase option at $500,000.00 that the option proceeds are not income until the option expires in three years or are exercised. If the option expires it would be ordinary income and LTG if exercised.
Posts Tagged ‘someone’
Can someone site a specific IRS reference on the taxation of real estate option income on commercial property?
October 17th, 2011Can someone please show me an example of how insurance on a commercial property is?
September 20th, 2011This is very urgent, and I need to have this by tonight for a project I’m doing. If I were to rent a commercial property, I would like to know what the insurance terms would be like. How would it be written out on a piece of paper? What are all the details that are required to be down in writing? How does it look like? I am not asking for specifics or anything just an example. I will then find a property and get the specifics on my own. Please answer. Thank you in advance.
Can someone teach me how to convince the landlord to rent a commercial property to me?
August 3rd, 2011I am interested in a commercial property which is currently leased by someone. I plan to take over it due to a business and there is no bad intention on my part. Heard that this tenant can’t pay his rental. I have approached the management about renting a small space from it. They told me to speak to the tenant which I did. He rejected me. Can anyone give me some idea on how to convince the management that I would be a potential tenant and may help the tenant to ease his burden.
What type of home loan is best for someone with 680 Credit score, no money down?
May 26th, 2011I’m looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage increases by 1% per year. Not his interest rate, but his mortgage payment. That doesn’t sound right to me. Any advice?
Will I pay taxes if someone overseas is lending me money and they are transferring the funds to my account?
January 24th, 2011I have a relative that is lending me money. He lives in another country. i want him to send the moey to my U.S. bank account. Do I have to pay taxes on this wore transfer?
How much does someone make who is an assitant vice president of commerical lending?
September 11th, 2010How much does someone make who is an assiant vice president of commercial lending for a bank?
Can someone recommed the best calculator for me to buy that will work for all my college math courses?
April 23rd, 2010I am currently taking Algebra and need to buy a calculator for class. The instructor said that the lower end TI36 would work for the class. However, I will be taking Pre-Calculus soon. I will also be taking Business Calculus and Business Statistics 1&2 as well as other accounting and finance courses. Could someone recommended a model of graphing calculator that would best meet the needs for all these classes? I would like to go ahead and get one now at the start of all my math courses rather than buy new calculators as my courses progress, if possible.
Thanks!
