Who's the LI family on xtreme makeover?
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cupcakekid
LIF Infant
Member since 9/09 291 total posts
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Re: Who's the LI family on xtreme makeover?
Posted by Blazesyth
Posted by Beth
they have away around the tax issue now
the show rents it from them- and it counted as improvements by a renter
Could you explain this a little more? I'm not sure I understand it correctly.
If I rent out my 3 bedroom house, the renters knock it down and build a 14 bedroom mansion - I wouldn't have to pay increased taxes because the renters did it, not the owners?
No you would still have to pay the property tax increase. You wouldn't have to pay the IRS taxes on the "gift" you were given since there were renters when the work was done.
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Posted 6/23/10 1:20 PM |
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