So if you're making a million dollars in oil royalty every year, that's taxable income, it is not a capital gain. You can't do a 1031 to offset it and buy a house with it without paying taxes. That's not gonna work. So the IRS is not helpful in that regard, but that said,...
Failure to meet the capital guidelines could also subject a banking institution to capital raising requirements. An "undercapitalized" bank must develop a capital restoration plan and its parent holding company must guarantee that bank's compliance with the plan. The liabil...
"Helps your personal representative file a final income-tax and estate return, and if necessary, a revocable-trust return." Retirement and life insurance: ---Copies of life insurance policies (name of carrier, policy number and agent associated with the policy) "Be especially careful with life...
So if you're making a million dollars in oil royalty every year, that's taxable income, it is not a capital gain. You can't do a 1031 to offset it and buy a house with it without paying taxes. That's not gonna work. So the IRS is not helpful in that regard, but that said,...
So if you're making a million dollars in oil royalty every year, that's taxable income, it is not a capital gain. You can't do a 1031 to offset it and buy a house with it without paying taxes. That's not gonna work. So the IRS is not helpful in that regard, but that said,...