When transferring real estate as a gift, it does not receive a step-up basis, as it does when it has been inherited.

Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!

They shall go to Inspira and remain there (especially with the transfer of the pricing structure) unless Inspira gives me reason to move them.

They are a new international mortgage lender in Costa Rica.

It took about 8 months for the deed to be transferred to my name from the time of sale.3.

Based out of Manassas, VA here :) The 750-hour rule is part of the IRS guidelines for qualifying as a real estate professional under Section 469 of the Internal Revenue Code.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

Do you transfer money directly from your business account to your personal account?

So, by transferring income from a rental schedule E to a business schedule C you're creating a significant extra tax.

I have many international clients in search of property but want to invest in the U.S. just need a realtor to guide them, so I'd be happy to connect and swap info.