Tax StrategyWhile liquidating the brokerage account may trigger capital gains taxes, strategies like staggered withdrawals or tax-loss harvesting can help minimize the impact.

I am left feeling that working with them was a wasted investment and decided to cut my losses and move on.

Unfortunately, I see a growing trend of a lot of service members renting their homes at break even rates or at losses.

They’re like mini-dictatorships; even after you pay them off, HOA fees keep piling up, and it starts feeling like a timeshare.Miami, while beautiful, isn’t known for cash flow unless you have deep pockets to buy beachfront properties and can afford to take losses while waiting for long-term appreciation.

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

I lost money (opportunity loss) but I gained a wealth of experience. 2.)

Hope everyone is having a wonderful holiday season!
Unfortunately, the end of 2024 has brought a string of financial challenges for my family, and I’m feeling the pressure.
Two weeks ago, I was laid off from my job....

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

@Lincoln Waite Here is a great example of over complicating things into a net loss. 

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.