Got a $56,000 distribution this month, but also had to make an additional (surprise) $15,000 tax payment from last year due to my bozo CPA.
Just looking at the figures, I need to mention that my house is valued at $1.2MM. This is very close to the appraised value when I bought it in April (6 months ago) and includes the nearly $200,000 in improvements made to the home. I think it would be fairly valued at around $1.3MM to $1.4MM quite easily, even in this market, but I have chosen to give it a lesser value for the time being. |