In connection with its duties, Qualified Intermediary shall be protected for acting or refraining from acting upon any written notice, request, consent, certificate, order, affidavit, letter, facsimile, email or other communication or document furnished to it under this Agreement and to have been signed or sent by Exchanger or any of its officers, attorneys, or other representatives, provided, however, that any instructions relating to disbursements of funds shall be subject to the provisions of Section 3.4 above and the Disbursement Instructions shall be signed by the taxpayer or submitted by the taxpayer online via the Software."

You can defer tax payments to a later date.You may be able to convert the investment property into your primary residence to reduce your taxable net income.

If the unit is occupied more than half the days of a taxpayer/owner’s tax year by a tenant(s) that stays for less than 30 days, it is considered a transient basis rental.

As for audits, the IRS may scrutinize high-income taxpayers claiming REPS, so detailed time logs and supporting documentation for material participation are crucial.

For most taxpayers, that means assessments will be reduced to 2021 or 2022 levels, plus 15%."

In most cases, affected taxpayers need to fill out and attach Schedule B to their tax return.

And it doesn't really cost the taxpayers as much money as they're putting out because the principal is getting returned to the taxpayer when that buyer sells the home.What I really like is that its only for first time home buyers and only for new construction. 

The IRS has issued a warning to Tax Professionals to beware of scammers that are trying to steal business and taxpayer information.

But if you lived in the property for 2 of the last 5 years, you should be good to do the section 121 exclusion - but realize that is $250,000 per tax payer.  

Deductions are a matter of legislative grace and the taxpayer bears the burden of proof, both of production and persuasion.