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Is property includible in inventory a section 1231?

Examples that are not Section 1231 property include personal use property and inventory.


Can a repo company charge you for retrieving your personal property and property that belongs to someone else in the state of Kentucky?

Yes. Any property left in the vehicle when it was repossessed is additional property, not part of the repossession. As private property, the repossession company is liable to inventory the porperty and store it so that it may be recovered. State laws vary a bit, but the standard storage limit is thirty days. During this time they may assess a storage fee. You, the property owner must pay this fee to recover your property. Property that is not recovered in the time alloted by law may be discarded as the company sees fit.


No homeowners insurance on property occupied 13 years what company will issue you a policy now?

It depends greatly on the condition of the property. Any carrier will have an inspection conducted to determine the risk factors associated with extending insurance coverage. So take the stand point of an insurance company and decide if you would insure the property in question. If you would there is a good chance you can find coverage. Please note coverages for an unoccupied dwelling are often less comprehensive.


What liability insurance would you need for a warehouse in a rose business?

You would need property coverage and building personal property coverage specific to your industry. Being a florist, you have to account for what happens if the cooling system goes down and you lose your inventory. If you have clients coming into your location you need general liability insurance as well. Feel free to contact me at sjolton@bbandt.com to discuss further and/or get a quote.


What is another name for real estate agent?

Property Dealer, Property Consultant and Property Agent.

Related Questions

Is property includible in inventory a section 1231?

Examples that are not Section 1231 property include personal use property and inventory.


The angle that the incoming wave makes with the normal equals the angle that the outgoing wave make with the normal?

This statement describes the principle of reflection, where the angle of incidence is equal to the angle of reflection. It is a fundamental property of light waves interacting with a reflective surface.


What is mean by inventory?

An inventory refers to a complete list of items like goods in stock and property.


What is inventory means?

An inventory refers to a complete list of items like goods in stock and property.


What can someone buy from Statewide Inventory?

One can purchase anything the State holds in inventory. This usually is property that the state has collected due to someone not paying property taxes. The State then auctions off these properties from their Statewide Inventory.


What is the name of the document that lists furniture and fittings in a property?

An inventory


Which quicken has home inventory in it?

The only one, I think, that does inventory, is Quicken Rental Property (?) or Inventory Manager (?). It has one of those titles. Otherwise, Quickbooks Pro or Premium does it.


Can you provide a land survey for my property?

Yes, a land survey can be conducted to determine the boundaries and characteristics of your property.


Why did William have an inventory of property drawn up in the domesday book?

For taxation purposes.


Can you briefly discuss three types of lender control used in inventory financing?

The three types of lender control used in inventory financing are a.Blanket inventory lien - general claim against inventory or collateral. No specific items are marked or designated. b.Trust receipt - borrower holds the inventory in trust for the lender. Each item is marked and has a serial number. When the inventory is sold, the trust receipt is canceled and the funds go into the lender's account.c.Warehousing - the inventory is physically identified, segregated, and stored under the direction of an independent warehouse company that controls the movement of the goods. If done on the premises of the warehousing firm, it is termed public warehousing. An alternate arrangement is field warehousing whereby the same procedures are conducted on the borrower's property.


Where can I obtain my property survey?

You can obtain a copy of your property survey from the local county assessor's office or from the surveyor who originally conducted the survey.


How do I get a copy of the survey for my property?

To obtain a copy of the survey for your property, you can contact the surveyor who conducted the survey or the local land registry office. They should be able to provide you with a copy of the survey document for your property.