The official answer: The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.Uncle Sugar requires us little guys to register and be tracked even though 99.999% of us are not involved in terrorism, money laundering, or other misconduct.

This is the first official feedback I've seen from someone that has joined. 

Official answer from Grocapitus - The Grid in Buffalo is built, leased, refinanced with sub-4% interest rate and 100% of investor equity returned, and is cash flowing, for over a year now.

I've officially owned this rental property for over a year now.

However, these costs can often be added to your property's basis, which helps reduce capital gains tax when you sell the home.Once the property is officially a short-term rental, subsequent repairs and maintenance would likely qualify as deductible expenses. 

If your property is ready for occupancy in December, should you officially place it in service now or wait until 2025?

Curious if we have to officially wait till trump is president or if some banks have already started the process.

If any of your properties are discovered by City officials to be unregistered, you can receive an administrative citation for failure to register; this penalty can cost $100 or more per property.

My wife and I are officially under contract with a new primary residence, with the goal of moving and then turning our current home into a rental.

Curious if we have to officially wait till trump is president or if some banks have already started.