Others either have a check sent right to them or have another piece of property the get this STAR rebate for.

(the accounting theory behind it) Your question implies that you expect some logic behind our tax system.

but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

Make sure to discuss it with your accountant.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

It seems like anyone can post anything without accountability—very concerning.  

I'll check it out Also, I did a call yesterday with Todd Crippen from Turnkey Property Group.

Hey AudreyHere's a list of things you should look for in your investment properties...Start by assessing the property’s curb appeal and exterior condition, checking the roof for damage and foundation for cracks or moisture.

If so, those bookings and the accounts go away.

Sometimes it is very difficult to reconstruct your depreciation schedule without the help of your prior accountant but still potentially possible.