User talk:Sheldon

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Tdoyle 21:27, 25 Sep 2005 (CDT)

Your Question


I saw the question you asked about Real Estate Contributions. You added that in an area where few people will see it, so I took the liberty of moving it to our discussion forum. You can view your question, as well as any replies to it, here: Discussion:Real Estate Contributions.


- Tim Doyle, TaxAlmanac Moderator - Talk to me 09:50, 22 November 2006 (CST)

1031 exchange

Sheldon, I was following an old thread started 7/20/2006 titled "Sec 1031 exchange for personal residence". At the end you asked about 2 situations regarding owning a personal residence in an LLC and renting at FMV to the owners (there was apparently no response to your questions). I am wondering how you handled these situations.

I have a client whose partnership LLC, without advice, exchanged a commercial rental for a new building that included a commercial rental and an upstairs apartment which he moved into. We don't want the residence portion to possibly be treated as boot, and are looking at alternative ideas, such as payment of FMV of rent for the space. Any thoughts would be appreciated.

Thank you,


To Kim, I hadn't responded here before, but don't see any other way to send you a message. I don't think the transaction you mentioned ever took place, but was an idea under consideration. So I may not be much help, but I think you might have some risk that a personal asset could be treated as boot. I don't know another good approach. The payment of FMV rent might get you through some related party regulations, but am not sure. Sheldon

Your recent 1031 question

Hi, Sheldon - you posted a follow-up question today, to a 1031 discussion that's in the consumer forum (the prior questions asked in that discussion came from non-tax-pros, so the question had been moved out of the pro tax forum prior to you posting to it). You may still get some responses to your question there, but you'll generally have many more people responding if you would post your question in a discussion on the tax forum.

Either start a new discussion to ask your question, or do your search again and see if there are any other relevant discussions you'd like to append your question to. To check what forum the question is on, go up to the top and look for "Discussion Forum Index==>" - that will be followed by the name of the forum where the question will be displayed. If it says Tax, Basic Tax, Advanced Tax, etc., then it'll show up on the tax forum index where more people will see it.

Also, FYI, in the search results, the most recently started discussions will show up at the bottom of the search results. So be sure to check for 50 views, or more, depending on your search, and start at the end and work your way up.

Trillium 13:52, 11 January 2010 (CST)

The message you just replied to

Hi, Sheldon. The message you just replied to here, on your talk page, was from Kmrthomson. Kim didn't sign the message with the four tildes to provide you with a user page link, but you can still find the info by going to this "history" tab on this page, and looking at who left you messages in the past. You may wish to copy your response on to Kim's talk page, rather than leaving it here.

Trillium 18:17, 19 January 2010 (CST)


Sheldon, I wonder if you could pick one minister/SE discussion to post your question to. So far you've bumped three of these discussions, are you asking essentially the same question in different forms, or three questions about the same issue, or???. Which one is the best one to keep; we can pull the others as duplicates:

In future, read all of the discussions you find in the search, and then post your question on the one that seems closest to your issue, or has the prior post you want to follow up on. If there are multiple posts all contributing to your new post, you can link to them in the one new post you add.

When you post multiples, you actually reduce the chances you'll get a reply to any (people think they've seen it already and blow past, not remembering if they responded before or not). And sometimes, the opposite happens, and you get responses everywhere, but since none of the responders saw the other version of your questions, they all say a different thing, so you end up no further ahead.

All in all, much better to ask your entire question just once.

Please let me know which of the three discussions above you'd like to keep your question on; I'll take care of editing the others to remove the duplicates.


Trillium 15:14, 2 June 2010 (CDT)

End of the forum

You may have heard by now that the Tax Almanac ( ) web site forum is permanently closing its doors effective June 1. Perhaps you have seen the pink bombshell “Important Service Announcement” when logging in.

Long-time TA user ChrisV2 has volunteered to set up a new website where TA users may continue the discussion. The site is up and running now and has an active base of contributors.

We invite you to take a look and join your fellow TA refugees.

Frankly (TA member and new member of TaxProTalk)

Frankly 00:23, 4 May 2014 (UTC)

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