Of course to maximize your tax benefit it needs to be sustainable over time. 

I have a sibling who is looking to sell two single-family rental properties but is concerned about the tax implications.

5 Tax Mitigation Strategies Every Real Estate Investor Should KnowAs a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

I’m considering having a lawyer send them a certified letter, though I know that will still come with a significant fee, which is still preferable to full service.

You can always use a software like Turbo-Tax and follow the prompts.

So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes.

I do like the tax benefits and leverage.

There's a few other exceptions such as a tax lawyer, but I find that a lot of folks find comfort in just having me respond to any notices that they might get.

So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip.