The penalty if you intentionally disregard your obligation to file is $520 for each copy, or 10% of the amount required to be reported (20% total).

There are some special rules for unique circumstances such as divorce or a disregarded entity (single member LLC that does not elect to be taxed as a corporation). 

A single member limited liability company is considered a "disregarded entity," which means that the LLC is ignored and the property is treated as if owned directly by you for income tax purposes. 

It makes me disregard posts.

The place has been rehabbed, and it turns out Buyer #2 closed on the property disregarding my recorded contract entirely.

Further, just because you have a tax loss doesn't mean you have an operating loss.But disregarding the above, real estate investment is generally undertaken with a for profit motive.

I have concluded my dealings with him and am grateful for the experience so that I can now how to verify the legality and honesty of future person I deal with.In short, kindly disregard any offers that you might receive from @Frank Howard. 

in the end, her not wanting to stop smoking is the biggest disregard to herself...let alone you.  

The second option would be a problem if the LLC was a single member LLC because it would be treated as a disregarded entity and therefore the same taxpayer. 

I’m sure there are seasoned Buy & Hold investors here on BP who have accumulated their wealth in small towns, C- neighborhoods, low-cost multis and SFRs, who completely disregarded appreciation as a main focus and directed their attention to other factors such as: Cash FlowEquity increase through mortgage paydown by tenantDepreciationTax DeductionsIf so, please SPEAK UP!