Recent content by Steve Tasker

For what it's worth, this in particular is a complicated topic and may depend on the actual structure. If it's a disregarded entity LLC, I would think the estate step-up would apply, and the heirs would inherit the asset at a stepped-up basis, but it would potentially also become a partnership...

I mean, it's not illegal for an LLC to lose money or to simply exist without a real business purpose. But taking an immediate deduction for construction costs on something like this would be incorrect. The depreciation on the "shell" of the building and any essential building components or...

This is very close the line, if not entirely illegal. Any funds spent on the construction of the house would be capitalized into the cost of the house - they would not be deductible when incurred. If the house is a true rental, the property itself would be depreciated until he sells it. If he...

I guess that's why Freese is starting?

I've seen better defending from 4th division beer-leaguers.

Maybe next time, Canada.

I thought Seriously was 10k kills? I never got Seriously 2.0 in Gears 2, white whale Xbox achievement for me. I know you can cheese it with that mission at the very end of the game but it still takes hours to do.

Navarrete/Suarez anyone?

Good bout between Torrez Jr and Guido on ESPN+

Not sure if anyone's watching Delgado/Rodriguez on the Torrez undercard, but not sure I agree with that decision.

This is what I do for a living (US tax for expat/international businesses and individuals). PM me and I can off-the-cuff answer these questions. I can't promise a quick response though, this is a busy two weeks.

Don't you dare disparage the goat

Duke is just unreal good.

I don't think UConn has the horses in this one.

Bombardier watching Boeing right now