Exclusion.......
7 years ago
last modified: 7 years ago
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Flooring I want is exclusive to Home Depot
Comments (25)In our area, Home Depot did have a reputation of subcontracting work to whichever contractor was first through the revolving door. At that time, their payments to the installer were too low to attract the better quality workers. However, I've been told that they now use installers who actually work for Home Depot as employees. I know a fellow who is a licensed plumber and general contractor who has taken a position with them for overseeing the installation work for several stores in his region. So, they seem to be investing some more time and money in their service offerings, instead of just treating them as a cash cow. My partner's ex had Lowes contract for extensive exterior work on a home in central Illinois. The work they did was substandard and they charged her for several more squares of siding than were required. He was able to get her a substantial settlement from Lowes to have the work redone correctly. I think they were expecting that an absentee, single female homeowner wouldn't know the difference but they weren't counting on that small town network extending to her new location. They sold her on the services by using the Lowes name but then brought in Joe Schmo's siding company whose reputation was too poor to attract customers on a standalone basis....See MoreTaxes: Selling Two Properties Claiming Exclusion of Gain + Partial
Comments (6)I understand the cause maybe a bit of a stretch, however from my research on what an unforeseen event is, it's defined fairly broadly. My first inclination was that you were crazy, but as I start thinking about it, it becomes an interesting question. If I am understanding you correctly, you want to claim the Section 121 exclusion on the rental property and then claim the rest of the exclusion using 121(c) on the house that you are actually living in. That is an interesting idea... Going just by the tax code as written it seems it would work, but I will bet dimes to dollars that the courts have already set some precedent on it. Assuming this qualifies as an unforeseen circumstance... I suspect your normal exclusion would have to go on the rental property and your 121(c) would have to go on your residence. Your rental property would have to be sold significantly earlier in the year than your home to even bother trying it, as the exclusion percentage would be calculated as the time between those two sales divided by two years. I am way out of my depth here, and suspect many are, so please don't take this as anything near advice. ______ ETA: As I understand it... The section 121(c) exception removes the 2 years of residence and the 2 years between sales requirements in certain scenarios when the selling the house is substantially an involuntary conversion (which includes certain job, financial and safety situations). Both the 2 years residency and the 2 years between exemptions are clearly meant to prevent people flipping houses and the 121(c) exception is meant to ease those restrictions for people who are not flipping houses and who didn't foresee their present circumstance when buying the house. As I went to bed last night, I was fully convinced that you could pull this off if framed correctly, but then theory of tax and practice of tax are largely two different things. Assuming that there was some time between the two sales, it might be worth a call to a tax attorney....See MoreEstimate for attic rodent exclusion
Comments (3)Forget the gutter guards...slick as a whistle for maybe 5 years but then there is enough debris from little fine stuff that sifts into the gutter....and birds nesting in your gutters that you will have to clean the gutters guards or not. And that is a royal pain. I had them and after about 12 years tore them out when I had a new roof. No experience with the rest....See MoreOsmocote Plus.....first year (2024), planning to use it exclusively.
Comments (13)There are directions on the product regarding putting it on different sized plants, Moses. I would guess something like a half a cup per large bush. I would put it on in the late Winter or early Spring and hope it got through the mulch with your rain. It could be a once per year effort in your climate for the 6 month duration form, or you could get a 9 month duration form Jackie said too. When Fall and Winter hit, or the heat of Summer you are right not much will be needed so I would front load it early. I have never had a problem with this product and it is so easy. All the manure, compost, alfalfa, soil conditioner etc. etc. are great but the get harder to haul around. Another easy idea is Langbeinite (amazon) two tbls crystals per bush plus 2 cups of Milorganite sprinkled around the bush in Spring. I seem just to fertilize yearly in late Winter and early Spring and call it good....See More- 7 years agolast modified: 7 years ago
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