There is a way to turn passive income/losses from real estate into active income/losses by declaring real estate professional status on your taxes.

I hired an attorney in Bellevue declare an LLC for me.

Or, I could say, have chosen to look at the sky and declare it is red, or describe the sun as cold.I suggest you read part C again, paying particular attention to what subparts 1, 2 and 3 are actually saying, not what you hope they are saying, and don't forget that you are not allowed to pick and choose which parts of the law you wish to follow, and that all parts work together.If it appears I am annoyed with you it is because I am.

She has dementia and can no longer handle any of her financial affairs (she's been declared incapacitated by two physicians).  

When we replied that they could hang the door at their cost and just make sure the home is returned to it's original condition at move-out, they got really insistent and declared to my secretary that they're "not having this argument" with her. 

So,If I understand the mechanics of a 1031 correctly, your basis in the property (due to the carry forward basis in the 1031) is Lower than $170k.You are Liable for depreciation recapture while it was a rental, whether or not you declared the depreciation.Assuming the above is true, you will have taxes due.You definitely pay income tax on any interest received.For the Principal you receive (including the down payment) it will be allocated into three pro data portions of:Return of basis/costs-no taxCap Gain- cap gain taxDepreciation Recapture- ordinary income tax at up to 25%@Ashish Acharya When later converting an investment property, acquired by a 1031, into a primary residence, then selling, give you a partial, Qualified Use pro rata calculation for the 121 exclusion like when you do the same thing with a non 1031 acquired property? 

The closing attorney sent me a SC Transferor Affidavit Tax Lien Inapplicable form to fill out, for which I must either declare that the assets being transferred are not business assets, OR that less than a majority of the business assets are being transferred.

He says we can file for a "Declaration of Intent" to have the trailer added as real property on my taxes. 

The governing body (the irs) is going to know because you’re going to stop declaring rental income and taking depreciation.

Signs or advertisements placed within the limits of the highway are hereby declared a public and private nuisance and may be forthwith removed, obliterated, or abated by the Commissioner of Highways or his representatives without notice.