Things that verify data the applicant provided like when they lived or worked there, how much was rent or their pay.

Start-up costs are also deductible but are amortized over 15 years with a limit of 5k.Start-up costs have strict rules and your case might not be the same as this one.Case Summary:Timeline line of eventsStarted investigating property: FebPut first contract (canceled): MayBought first property: December 30thWhether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business:Whether the taxpayer undertook the activity intending to earn a profit;Whether the taxpayer is regularly and actively involved in the activity; andWhether the taxpayer's activity has actually commenced.On the basis investor testimony, we may assume that he undertook this activity to make a profit and that he regularly and actively engaged in it.

B. tested the unit to see if it's actually defective.

It is slightly confusing how it is broken up, but they provided some interesting data points.

Eisenhower, that has been rapidly expanding, the Savannah River Nuclear Site, the Medical College of GA, 5 hospitals bringing in residents and travel nurses, AND the newly announced Meta AI Data Center coming to Aiken, SC (right across the river). 2251 Central Avenue - 3-Plex.

Here's a quick test... call the company yourself, see how long they take to answer the phone and how they answer the phone.

The city’s buzzing with major projects like Intel’s $20 billion plant, Google’s three data centers, and big land buys from Amazon and Meta.

I wanted to share some exciting news here at BiggerPockets as we have launched a new downloadable spreadsheet for analyzing short-term rental deals.Once you pull in some numbers from a STR data source like AirDNA, Rabbu, Mashvisor, etc., you should be able to see if a deal pencils out for you.

I believe my wife and I pass all the test under REPS and material participation.

Specifically im pulling data on SFH\MF and lots owned for 10+ years, with 35%+ equity in T4,T5,T6 zoned areas with 5k-40k sf lots, especially if they are run down or outdated.