Equity skimming shall be classified as a level II offense under chapter 9.94A RCW, and each act of equity skimming found beyond a reasonable doubt or admitted by the defendant upon a plea of guilty to be included in the pattern of equity skimming, shall be a separate current offense for the purpose of determining the sentence range for each current offense pursuant to RCW 9.94A.589(1)(a).

They're classified as current, fixed, financial, and intangible.

@Ben Jernigan- thanks for the post -   your employment is classified as  " seasonal "  employment by lenders ...this scenario can  be trick to  get loan approval for due to  jobs  gaps  and job  changes  .   

The only current exceptions to the Transient Habitation activity restrictions is if the facility is classified as either a “Bed and Breakfast” or a “Semi-Transient Residential Activity.”

Learnlikeacpa.com  From what I've read and from working with many CPA's, these are the rules to use the STR or short term rental loophole- average STR - short term rental stay of 7 days or less to classify your airbnb income as an active business versus "rental activity," this allows losses to be pass through with out limits like with "rental activity," income- must meet material participation (MP) rules and there are 7 ways or tests to meet MP but the most common one I see used is the 100+ hour activity rule on the STR property operation than any other human being or the 500+ total hours per year in aggregate/total ( there are more options to meet MP but these are the ones I see used most often).

My minimum stay has always been set to 31 days, but apparently my listing had been classified as an STR, which I think was why VRBO thought it needed to have a registration # from my city.

If it was the paper try searching the classifieds to see if they are marketing the apartment.The apartment complex has to actively market the apartment for rent once you have given them ample notice.

Usually unless classified differently, this is a pass-through entity meaning the income passes through the LLC to a individual tax return so tax reasons do not always factor in, some variations are present.

Can I choose whether that amount is classified as loan fees to be amortized over the loan period (5 years) or do I need to include it in basis/other closing costs (27.5 years)?

Once over the phase out thresholds, no deduction is allowed for service based businesses.The NAR has taken the position that real estate agents are classified as service based businesses.