Calif. source income

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Subject Author Date Calif. source income Reggie 05-30-2009  Re: Calif. source income makbo2 06-02-2009  Re: Calif. source income Stuart A. Bronstein 06-03-2009  Re: Calif. source income dpb 06-03-2009  Re: Calif. source income Alan 06-03-2009  OT: news servers Mark Bole 06-03-2009  Re: OT: news servers Arthur Kamlet 06-03-2009  Re: OT: news servers Kurt Ullman 06-03-2009  Re: OT: news servers Harlan Lunsford 06-03-2009  Re: OT: news servers Harlan Lunsford 06-03-2009  Re: OT: news servers Mark Bole 06-03-2009  Re: Calif. source income Wallace 06-04-2009  Re: Calif. source income Katie 06-05-2009  Re: Calif. source income Robert Daniels 06-07-2009   Re: Calif. source income Steve Pope 06-07-2009  Re: Calif. source income Stuart A. Bronstein 06-08-2009   Re: Calif. source income Steve Pope 06-08-2009  Re: Calif. source income Wallace 06-16-2009   Re: Calif. source income Steve Pope 06-16-2009  Re: Calif. source income Katie 07-05-2009   Re: Calif. source income Steve Pope 07-05-2009
Posted by Reggie on May 30, 2009, 10:57 am Please log in for more thread options a taxpayer in another state owns a single member Calif. LLC which owns Calif. real estate. The taxpayer also holds a deed of trust on the real estate owned by the LLC. The net income of the LLC passes to the taxpayer, and I believe is Calif source income to the taxpayer. (correct? any way to minimize this characterization?) The LLC pays interest on the deed of trust to the taxpayer. Is this Calif source income to the taxpayer? If so, any way to avoid or minimize this characterization? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by makbo2 on June 2, 2009, 11:22 am Please log in for more thread options > a taxpayer in another state owns a single member Calif. LLC which owns > Calif. real estate.  The taxpayer also holds a deed of trust on the real > estate owned by the LLC.  The net income of the LLC passes to the taxpayer, > and  I believe is Calif source income to the taxpayer.  (correct?  any way > to minimize this characterization?)  The LLC pays interest on the deed of > trust to the taxpayer.  Is this Calif source income to the taxpayer?  If so, > any way to avoid or minimize this characterization? Sorry I don't have an answer, but I did notice that while your original post showed up in Google Groups, it never showed up in my ISP news service (Big Old Expensive ISP company, as the television ads put it). Because I've recently had this experience myself, I'm wondering if others have also. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Stuart A. Bronstein on June 3, 2009, 8:59 am Please log in for more thread options makbo2@gmail.com wrote: > Sorry I don't have an answer, but I did notice that while your > original post showed up in Google Groups, it never showed up in my > ISP news service (Big Old Expensive ISP company, as the television > ads put it). > > Because I've recently had this experience myself, I'm wondering if > others have also. It showed up on the news server for individual.net. They've got a quite good service at a price of about $12 per year. Stu -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by dpb on June 3, 2009, 2:09 pm Please log in for more thread options Stuart A. Bronstein wrote: > makbo2@gmail.com wrote: > >> Sorry I don't have an answer, but I did notice that while your >> original post showed up in Google Groups, it never showed up in my >> ISP news service (Big Old Expensive ISP company, as the television >> ads put it). >> >> Because I've recently had this experience myself, I'm wondering if >> others have also. > > It showed up on the news server for individual.net. They've got a > quite good service at a price of about $12 per year. Also on the free server at aioe.org. Given the distribution model of usenet and the plethora of broken and semi-broken web portals it's rather more surprising there aren't far more incomplete/broken threads floating around than there are... -- -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Alan on June 3, 2009, 1:09 pm Please log in for more thread options makbo2@gmail.com wrote: >> a taxpayer in another state owns a single member Calif. LLC which owns >> Calif. real estate. The taxpayer also holds a deed of trust on the real >> estate owned by the LLC. The net income of the LLC passes to the taxpayer, >> and I believe is Calif source income to the taxpayer. (correct? any way >> to minimize this characterization?) The LLC pays interest on the deed of >> trust to the taxpayer. Is this Calif source income to the taxpayer? If so, >> any way to avoid or minimize this characterization? > > Sorry I don't have an answer, but I did notice that while your > original post showed up in Google Groups, it never showed up in my ISP > news service (Big Old Expensive ISP company, as the television ads put > it). > > Because I've recently had this experience myself, I'm wondering if > others have also. > It showed up on all of the AT&T servers and nntp.aioe.org (free server that allows posting) and news.motzarella.org (another free server that allows posting). -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted when are dividends "source income"? 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