With that said, we will still file the 1031 declaration form and 8288-B form with our CPA in hopes that the certificate gets back in time before closing. 

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

I am trying to find out if they could redeem, in case they have not filed a quiet title.Thank you.

A potential tenant filed a housing discrimination by maritial status against me (Owner) and realtor (Rental). 

However, if you're setting up the LLC to file as a business with a separate tax return there might be some advantages to a loan.

It is a simple process and requires a different filing with the SEC.

Also, did you file non-passive losses against your W-2 earnings (above $150k like this example) in your Schedule E?

Anyway putting together a list of damage to file a claim if you have any advice please let me know. 

On the 25th i had my lawyer file the eviction with the county, and got a court date on August 9th at 10:30am. 

You should Google "Terminated Merchant File" (TMF) a/k/a MATCH (Member Alert To Control High Risk) prior to opting to not make good on a debt to your payment processor.