User talk:Abdulkhan
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Hello,
My name is Al Lowrie. I work for Intuit and also assist with the Tax Almanac website. I have created an article for your question regarding a gain from a like kind exchange. To view the article as well as any discussions on the topic, click on the following link: Like-Kind Exchange Reporting.
Thanks for being a part of the Tax Almanac community.
Abdulkhan:
I wanted to update you on the status of your question regarding "Like-Kind Exchange Reporting." Your question has been responded to and you can find the updates on the Ask or Answer a Tax Question page. Future updates will appear there as well and if any changes occur we will attempt to keep you updated.
If there are any questions or concerns, please contact us at TaxAlmanac@intuit.com.
Thanks for your participation in Tax Almanac.
Rodney Fowler
Hello,
An article has been created for the following question.
Do the proceeds from a sale of real property have to be deposited in an escrow account before being used to purchase another business property to qualify for Like-kind exchange?
To view responses to this question, click on the following link and go to the discussion tab. Like-Kind Exchange
Thanks,
Al Lowrie
Hello,
An article has been created for the following question.
If a taxpayer sells his second home held as a rental property and makes a large gain, a during the same year buys a building to house a manufacturing facility, can he avoid paying taxes on the gain?
To view responses to this question, click on the following link. Tax Shelter for Gain on Secondary Home
Thanks,
Al Lowrie
Abdulkhan:
Hello, my name is Rodney Fowler and I'm a monitor here on the Tax Almanac site. I noticed that you posted a question to an article regrading Mortgage Interest Deduction on Sale of Second Home Held for Investment Purposes; however, the nature of your question seems to differ from the article originally proposed, and I thought it would recieve more visibility and therefore enjoy a better response if it was posted on the Ask or Answer a Tax Question page. So I have moved it there. You should be able to find the updates and responses to your question on that page, though we will attempt to keep you informed of any changes.
If there are any questions or concerns, please don't hesitate to contact us at TaxAlmanac@intuit.com.
Thank you,
Rodney Fowler
