I was thinking we would both need to claim half the values on schedule E part I (he'd have to amend his 2009 and 2010 returns) but maybe we have to deal with a 1065?

Schmidt's babies are increase internet regulations with net-neutrality (doing away with the first amendment) and the pro-global warming scam, but I digress.The topic is economic collapse, and it will because of the growing unfunded liabilities now at $100 trillion and $18 trillion /yr operating debt, & growing every year, and a collapse in the economy will not be as a result of advances in technology. 

UPDATE:  I want to take a moment to amend my comment here from almost 2 years ago.  

At a minimum, the grantor should NOT retain any power to revoke, distinct or amend the trust; reserve any rights to take back property once transferred to the trust; have any authority on how trust property will be managed on invested; have any control over income distributions from the trust and serve as trustee.So if you are controlling it and are using the funds from it, then it will be brought back into your estate for tax purposes and will be accessible to a court and creditors.There are many types of trusts out there and each situation should utilize a different type of trust to achieve your goals.Joe

This law was amended last year:http://le.utah.gov/~2013/bills/static/hb0286.htmlThey reduced it from 30 to 15.  

Our plan is to put an amendment in asking for a month-to-month lease to be signed between the owner and the tenant as one of our inspection objections. 

To the Texas Wholesalers using the TREC One2017 to Four Family Contract, With the new laws that went into effect on Sept 1st, 2017, how have you amended your TREC Contract to abide by the new laws requiring the Disclosure of the nature of the equitable interest to any potential buyer?

The seller agreed to our P&S price is $174200 with $9200 in seller concessions for closing costs/escrow. the home inspection found some issues, so we amended the P&S and the seller agreed to every single one of them and remedied all of the repairs with professional contractors which included replacing basement stairs, rebuilding the top of the chimney, replacing one of the furnaces and one of the water heaters, among a few other minor repairs. this was all fantastic and im very happy that the seller agreed to EVERYTHING!!!! 

So I have a question and will.Recently received an amendment to my contract with my property management company who is requesting two changes to our agreement on both homes. 1.

Right now demand is so high it would absorb most of the new inventory should ab 284 get amended.