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If you have seen a number of my posts you will probably have noticed there is A LOT of that going on. I think in the past 3 months I have contemplated every possible scenario for this property.

Thanks Paul, this does make much more sense. From what I am reading it seems a very grey area and I imagine makes your job very complicated when dealing with this area. When you say "The MR exemption is lost on subdivision" are you referring to the entire block or the new parcel. I was under...

Hey Paul, Thanks for the quick reply, but I must say most of that has gone over my head. When you say "conducted an enterprise" are you referring to the structure? If so then the property is a joint ownership between my brother and I (50/50). As previously stated thus far 8k has been paid for...

Hey All, A while back I had asked a question about financing a development to hold and mentioned I had paid about 8k from my own savings for plans and permits. I was informed this was not a wise thing to do as if it were a loan then I could claim the interest as a tax deduction. Well my...