Income from flipping is ordinary income and the place is not eligible for a 1031 exchange. 

Of that, $1090.98 would be subject to the tax on unrecaptured depreciation, currently capped at 25%  (it really your ordinary income rate.)  

I returned home from my first deployment in Afghanistan and drove through the gate to the guards armed up and suited up in their kit (out of the ordinary typically) so I asked him why. 

You may be able to deduct a rental loss against ordinary income if you qualify for the special allowance.

You will get very frustrated with your results if your end goal is to create SEO through blogging alone.However, there are a number of side benefits to blogging:1) Visitors to your site that you produce in your ordinary course of business will have a chance to view content that educates them about products and services related to your business and gives them a chance to get to know your company.2) You will develop knowledge and expertise in the area that you are writing about.  

The seller did not construct, or act as a contractor in the construction of, the residence in the ordinary course of the person’s business.

Tenant says it's white - it was ordinary wear and tear.  

I'm not claiming a home office, however my home is my office when it comes to managing my rental units (which is both ordinary and necessary) .  

Since you're related parties any gain would be taxable as ordinary income and any loss would be nondeductible so it'd be best to make the transfer price so that there isn't any gain or loss so she can avoid paying tax on the gains or losing out on taking the loss. 

S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your incomeI certainly hope that some of what is contained here helps your understanding of what goes on behind the vail of underwriting.