The completed expansion is expected to reduce travel time from Mobile to the Eastern Shore, increasing reliability and accessibility to jobs, educational facilities, medical services and recreational activities.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Active engagement in the Real Estate industry.Flipper    Builder  Lender  Syndicator  PM  Agent/Broker etc etc.Here you create your own income streams by working the business its a business its not just being a passive investor of cash flow assets..

I am an active duty service member residing in Beaufort, SC.

Outside of real estate, I enjoy outdoor activities which include, riding four wheelers and off-roading in my truck.

Which is sad especially since you are extremely active on the forums.

After paying the tax, you can transfer the proceeds to your partner.However, Technically you should have filed partnership tax return where he would have recognized his portion of yearly activities and sale at the end.This post does not create a CPA-Client relationship.

I have been lending actively in the Indianapolis market since 2018, have done over 350+ deals, and used both my own, and other people's money in a Whole Note Investing scenario.

If everyone is truly active, it is now a joint venture and you can have a local real estate attorney form an LLC for you (which is much less expensive).

It suggests that the property is now a better deal for buyers, potentially sparking renewed interest and activity.