The Corporate Transparency Act (CTA) has been declared unconstitutional by the United States District Court for the Northern District of Alabama.

If you are not in a good financial place , you are more likely to declare bankruptcy.Anybody arguing my logic yet?

You'll have to declare all your assets.

Declare the property abandoned and that any abandoned personal items will be disposed within 72 hours.

(You will need to declare the income you receive but can also write off any expenses and depreciation like normal.)What kind of tax benefits would we get as rental property owners.

But unless you have some local muscle who can show up and deal with the cops, OP needs to hire an eviction attorney ON MONDAY tell them what's happened and pay what you have to in order to have the eviction completed and the LOCKS CHANGED.

Does he have to report the income he received this past year and declare it a rental event though he would like to move back in eventually?

If the heat isn't above the legally required temperature they might declare the unit uninhabitable and boot the tenant out until the situation is rectified (which will of course be a day later when they can come back and verify the temperature is back to normal).

My agent got the declaration pages from the current owners policy.

Anyone can declare real estate losses against their active income if their income is under the AGI threshold but only someone whose PRIMARY profession is designated to be a real estate professional will be able to offset active income.