You can easily tag each transaction using categories that synch to your Schedule E for tax time.

I purchased my DST via https://seracapital.com/1031-e...Carl assisted me as a fiduciary consultant instead of a DST salesperson hoping to earn 6-10% commission on (actually out of) my investment.

Here are the terms:• 12-month term• 17%Interest(Annual)• Quarterly interest payments• Securedbyequity(not real estate-based) • $250k minimum investment• First-come basisFeel free to book a short 10-15-minute call if you're interested in learning more.Marco SantarelliPartner, Money Is MastermindBook a 15-Minute Call With Me Here----~---------Please notice that nowhere does he mention in his new solicitation the problems his business is encountering in the previous week’s e-mail !!

Otherwise, it’s treated as a partnership requiring Form 1065.Get an EIN (Employer Identification Number) from the IRS (free) for tax and banking purposes.Separate personal and business finances by opening an LLC bank account and keeping rental income/expenses distinct.Consider an operating agreement, even if not required by state law, to define ownership and responsibilities.Liability protection: An LLC helps shield personal assets, but you may still need landlord insurance and an umbrella policy to cover lawsuits and unexpected claims.Tax strategy: Rental income typically passes through to your personal return (Schedule E).

Some reasons you'd need to sub your tax returns: if you have a schedule C (self employemnt) or a schedule E (rental income). 

For tax purposes, you really just need to have everything aligned to the schedule E categories. 

You willstill be able to deduct all your expenses on your sched E.

NE Phila, W and E mount airy, roxborough, manayunk, east falls, chestnut hill cover large land areas - and there are plenty of surrounding suburbs there too that are great makrets. 

Or can I do nothing and file it on Sch E since we are married in a community property state?

I cant really use the computer except to e mail..