Pay attention to the duration.DM me if you want additional thoughts.Jeff

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Additionally, the Kiavi portal is poorly designed.

In addition your 17 so I am assuming your still at home.

For liability protection, consider umbrella insurance, and ensure your accountant understands rental properties qualify for deductions without LLC ownership.

Outdoor storage, moving services, additional parking.

These are professionals with additional training and a stricter code of ethics.

Ask one additional question you "forgot" to ask at the meeting.Scan and toss any relevant business cards you picked up.Never feel pressured at these meetings.

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

This would depend on whether your property is overvalued by the tax assessor and in turn you are paying additional taxes on that additional valuation.