We currently use a simplisafe system to monitor the driveway to audit how many guests enter and if they bring pets.

Also includes a collection of online comprehensive learning courses led by Tom focused on tax savings and building wealth for new investors and entrepreneurs that are conveniently delivered online Includes 10 Online Courses: ➢ Your Wealth Dream ➢ Work-Free Wealth ➢ 3 Minute Investment Decisions ➢ Recruiting Your Wealth Dream Team ➢ The Entity Decision ➢ Deduct It All ➢ Conversion Secrets ➢ Slash Your Tax Bracket ➢ Free Money ➢ Delay Pay, Deduct Today 12 months of access to Ask Tom Live ▶ Ask Tom your questions live via webinar during two one-hour monthly live sessions ▶ Easy access to recordings of the live session ▶ Study the top questions gathered from entrepreneurs and investors while creating their strategy, personally answered by Tom Wheelwright, CPA ▶ While you are subscribed to Ask Tom Live, you’ll also receive full access to these additional courses: ➢ Know Your Numbers ➢ Lawsuit-Free Wealth ➢ Preparing for the Inevitable ➢ Recruiting Your Dream Team ➢ High Performance Tax Habits ➢ Audit Proof Reporting ➢ Walking the Walk ➢ S Corporations ➢ C Corporations ➢ The (Surprisingly) Exciting World of Cost Segregation ➢ Deduct Your Home Office ➢ The Power of Real Estate WealthAbilityTM U Online Courses We’ve developed our courses specifically to cater to entrepreneurs and investors just like you.

Having executed this strategy, nearly 100 time with our clients there is more than meets the eye, and there is an audit risk which we have seen.

I took that information from Pub 946 (2023)https://www.irs.gov/publications/p946Anderson Advisors said that the most commonly audited are the small single members that file on schedule c and schedule e, so that is making me cautious.There is a cpa that I have been meaning to get a consult from, but I was trying to make sure I had all the questions I had listed before wasting time on just the basics. 

Though it might “seem” that you can arbitrarily attach the “tax basis as the fair market value” and thus receive $0 gain, the IRS would not respect this if you were selected for audit.

IRS audits and penalties: Studies that are poorly conducted may be full of unsubstantiated assumptions and errors that can lead to expensive audits and large financial penalties from the IRS.Long-term issues: Dealing with IRS audits and having to correct inaccurate studies can be a drawn-out, stressful and expensive process.

Loans are almost always used as proof of correct "investment intent" under an audit scenario. 

KBKG was the first company ever to launch a self service software for properties this small and it has been through IRS audit numerous times.

Integration Audit Report dated 2023-05-27T13:09:02ZThis report provides a view to the health of your most recent integration run.Advertiser: "****"Advertiser index processing failed with errorAdvertiser Olb Provider not found.Contacting Integration Support

Just have your ducks in a row in case you are audited.