First consider that congress, not the president passes tax laws. 

The new law makes it easier for the IRS to find and stop refund fraud.Businesses who use Form 1099-MISC to report non-employee compensation, such as payments to independent contractors, are now required to file Copy A with the IRS by January 31.In the past, businesses typically had until the end of February, if filing on paper, or the end of March, if filing electronically, to submit their copies of this form.Something that hasn’t changed: a copies of Form 1099-MISC must still be provided to the worker by January 31.Also from  https://payroll.intuit.com/support/kb/2001909.htmlIn an effort to combat fraud, The Protecting Americans from Tax Hikes (PATH) Act of 2015, was passed by Congress and signed by President Obama in December.

Trump gets inaugurated as president of the United States and we sign off at an early age for a rental that cash flows on day 1, what a coincidence!

However, from what I understood, most people that are electing the lump sum payment are doing so because they are at the age limit where they are required by the IRS to start withdrawing money from their TSP.

@Amit M.The first set of stats come from Leslie Appleton Young, Vice President and Chief Economist of the California Association of Realtors.

Or as spouses can we elect to file as a qualified joint venture after the sell?  

The code states I have to make an election to make this deduction/expense - how exactly would I do this?

@Mark S.Depends upon how your single member LLC has elected to be treated for tax purposes and your business activity.  

The CCR's for this specific POA allow the Board President to sign over real estate so long as the Special Meeting procedures occur.I figure if I get a Quit Claim then the County may not allow me to re-Plat as I may not have sufficient Title to perform this task, or the abandonment process, which means the RoW land would not be marketable to future buyers - rendering any investment in it useless.  

You can even be the president of the US one day after having a successful career in real estate..More than half of my friends are currently in med school or residency.