It is not legitimate and I do not legally owe this balance, but have been unable to get it removed from my history unless I file suit against the company.

For separate entities I use separate files for each entity.

However, once you file your taxes, the IRS will figure it out and you're screwed!

She did not, so I filed the writ.

Quote from @Daniel Amsalem: If you have an Airbnb in DC, Maryland, or Northern Virginia (NOVA) or want to, I'd ask you provide feedback to the City of Alexandria regarding their proposed regulations.Regulations: https://www.alexandriava.gov/sites/default/files/2024-08/sho...Feedback Form: https://www.research.net/r/AlexandriaVA-ShortTermRentalsAlexandria sets the example for all of DMV as the most permissible county/region. 

If you are syndicating or partnering with other investors to fund a Sponsor's deal and you are a company doing this (LLC, partnership) then get a PPM attorney and file with the SEC. 506B is easiest but if it is really risky...then 506C is best. 

- The management company keeps track of finances and offers reports to the owners that are prepared for their accountants for tax filing.- The owner has full ownership and control of the property and can make all decisions such as when to sell, or may decide to operate the property according to their own wishes even if those wishes are against the recommendations of the property management company.

We in private industry would expect heads to roll, massive layoffs and perhaps bankruptcy filings.  

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!