Quote from @Levi Bennett: @Roy Gottesdiener The surge in pricing there is due to a new casino "Two Kings Casino" that is opening fully in 2024.

And the government will recapture 25% of those tax deductions I took over 18 years which is way more than if I cash out my stocks or accept dividens.

This could invalidate your LLC and allow it to be pierced in a lawsuit.Also possibly paying yourself from the LLC so you can pay the mortggage could argueably make the payment non deductible. 

I want all my rent and deductions for maintenance etc. to be drawn from this account.

I know this is tax deductible, but I'm wondering if I would claim the entire deduction on my 2022 taxes or is this something I spread out over a few years?

And the "norm" is not even close to what it used to be ... with many carriers going up to 1.5-2% Deductables for storm claims; or not writing policies for roofs older than 15yrs (some 8yrs!)

(c) Liens for special assessments levied upon the property conveyed that were, at the time of the sale under this chapter, not included in the amount necessary to redeem the tax-defaulted property, and, where a taxing agency that collects its own taxes has consented to the sale under this chapter, not included in the amount required to redeem from sale to the taxing agency.

I wonder if I could deduct mortgage interest based on the basement's proportion to the entire house (1,600/(1,600+2,000)).

This loss is designated as non-passive loss in Schedule E and hence deductible from ordinary income (W2, 1099B stock sale, etc).I see no state returns simply because of no income as well as the losses being non-passive and hence deductible from ordinary income.How is your CPA suggesting to track the passive losses without filing for state return?

However, I think, with REPS, we can deduct the expenses and depreciation against his W-2/K1 income which make the overall picture look appealing.