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Property like-kind exchange rules (Bankrate.com via Yahoo! Finance) When improvements are made to property that is condemned, does it count as a like-kind exchange? Aust stocks led higher by resources (BigPond News) The Australian share market has opened higher following gains on Wall Street on Friday and higher commodity prices. Times Ticker (Papillion Times) VFW posts remember fallen heroes Bellevue?s annual Veterans of Foreign Wars Memorial Day ceremony will take place at 11 a.m. on May 25 at the Bellevue Cemetery. Members of VFW Posts 10785 and 2280 will officiate at the ceremony. The VFW members will fire a rifle salute and play taps to honor those men and women who have fought and died to preserve American freedoms and our way of life. The ... Um, the gym will totally still be there after you finish that creme brulee. (Las Vegas CityLife) American Franz's prescient purchase? Union Depot to become regional transit hub (Finance and Commerce) In the spring of 2003, when Minneapolis-based JAS Apartments Inc. bought St. Paul?s iconic Union Depot for $2.85 million, no one paid much attention. After all, JAS bought the building out of foreclosure; trains had stopped running there 32 years earlier. Avoiding capital gain is complex but doable (Everett Herald) Question: I would like to know if it's possible to sell my rental property (out of town, 20 acres with a house) and divide the profit and reinvest in two rental houses near my home in Lynnwood without paying capital gains. Developer?s lawsuit over late taxes settled (Scottsbluff Star-Herald) A Scottsbluff accountant and a Scottsbluff developer have settled a negligence lawsuit that found its way to the Nebraska Supreme Court. Like-kind property exchange rules (Bankrate.com) Dear Tax Talk, We received a settlement for $180,000 for 12,000 square feet of property, which was condemned for a 30-mph county road. Rather than purchase additional like property, we invested the money in infrastructure to service the property. Commodities push stocks higher (Perth Now) THE Australian share market opened higher this morning following gains on Wall Street on Friday and higher commodity prices. Weekend Events (Erie Times-News) Get your peanuts from Kiwanians |
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