I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value. 

Come tax time it becomes fairly easy to run separate reports for each entity or each property for schedule E.

There are many tax accountants on Bigger Pockets that can help you with your situation. 

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

I'm not a professional Tax person.

It's in addition to this tax.

Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.  

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.