Ok, so you are not making mortgage payments for any of the owners -- what about any insurance or tax payments?

If your husband did not send quarterly estimated tax payments, then there will also be interest and penalties involved.  

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all. 

@Brett Grabowski, If all of those single member LLCs have elected to be taxed as sole proprietors and do not file their own tax returns and all activity of the real estate is reported on your own Sched E then you are actually the tax payer for all.

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

Exactly this example - selling agricultural and purchasing a multi family residential rental building.One limiting factor though is going to be that you will need to take title to the new property as the same taxpayer that owns the old property at least initially. 

Sometimes a loan can be held as part of a local program and is tied in with your house tax payments. 

The Irs does presume innocence - the burden is on the taxpayer to prove the irs is wrong. 

Could anybody please explain to my these 1013 rules below with examples in numbers keeping in mind that my numbers are:purchased for 250 all cash dealsold for 600 - 30k for real estate agent = 570KTypes of Replacement Properties to Identify: Three properties without regard to their fair market value.Any number of properties as long as their aggregate fair market value at the end of the identification period does not exceed 200% of the aggregate fair market value of the relinquished property as of the transfer date.If the three-property rule and the 200% rule is exceeded, the exchange will not fail if the taxpayer purchases 95% of the aggregate fair market value of all identified properties.I do not understand exactly what "aggregate fair market value" means and especially the third point is a mystery... if you made it so far ;) and understood I misinterpreted the BOOT, could you please explain it to me with a clear explain in numbers?

The living trust is probably a disregarded entity if it does not have it's own taxpayer ID and does not file a tax return.