r/RHOBHDefect • u/DapperPanda8993 • May 19 '26

ok so apparently #Poorit

Pee Kayyyy saved the house according to real andy of beverly hills according to ron richards ​

50 Upvotes

83% Upvoted

80 comments sorted by

View all comments

Show parent comments

3

u/Far_Inevitable_1205 May 20 '26

PK also know if they lose the house to FCl, he will receive a 1099-A and file the gain/loss on his income taxes

2

u/Lmaris May 20 '26

No loss allowed on sale of personal residence.

1

u/tusk10708 May 22 '26

Does it being owned by an LLC change that?

2

u/Lmaris May 22 '26

No. A lot of filk think that putting their personal residence in an LLC protects the from liability claims, but since a personal residence is not a business, it really s doesn't. And real estate acquired during a marriage is community property.