About EleanoreS

Employee Tax Expert

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CPA with over 35 years of experience. I enjoy sharing my knowledge in the expert community.

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Re: 2 country question concerning new home build

Congratulations on building a home in foreign country. That sounds exciting! Here are some considerations: US citizens or residents living outside of the Uni...

EleanoreS

Updated Oct 30, 2024
Re: I lost the earnest money and upgrades money in a investment prop...

I am sorry this investment opportunity did not work out as you would have hoped. The good news is that, as this was an investment property, you can claim the lo...

EleanoreS

Updated Oct 30, 2024
Re: Mortgage Assumption

With an assumable mortgage, you as the seller must be compensated for the equity you have built up in the home. The buyer generally pays the difference between ...

EleanoreS

Updated Oct 30, 2024
Re: Schedule K1 / Schedule C

Your LLC is considered to be a disregarded entity for tax purposes unless you have elected to be treated as a subchapter S corporation. If your LLC is a disrega...

EleanoreS

Updated Oct 30, 2024
Re: Proceeds from a lawsuit

Good day. I am sorry you had a long path to resolve the sound issue in your condo. Per the IRS, settlements for the loss in value of property that are less tha...

EleanoreS

5

Updated Oct 30, 2024

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Date Registered	‎November 15, 2022 2:08 PM
Date Last Visited	4 weeks ago
Total Messages Posted	74
Total Cheers Received	27

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