It ends like this:1> Airlines, bars, restaurants, Casinos, Cruises, the entertainment industry , malls, and misc companies will get bailed out using taxpayer money. 2>These bailed out companies will take the money and pay compensation to their top-level executives, continue to do stock buybacks3> The stock market will rally.4>The average joe taxpayer will get NOTHING and will be our of the job and screwed- AGAIN.5>After many are dead and there is full-fledged fright leading to a mandatory lockdown, the cases might drop6>Persident/GOP will say he is solely responsible for fixing this and will take full credit and will take no blame for this.7>DEMS will resort to the usual tactics with their tails between their legs.8> CNN/MSNBC/FOX will continue to do their crap reporting while profiting from the stock market rally and bailouts9>Toilet paper/Hand sanitizer hoarders will try to return their excess toilet paper to Walmart10> Going forward BP members will ask every 5 days the following question in the forum - Is there a recession coming?

When factoring in the cost of non-pension benefits for state workers, such as health care for retired government employees, the debt facing California taxpayers rises further.

If I am interpreting what you are asking correctly, 2 different owners (and I assume taxpayers) are selling their respective properties and the combined funds will be used to purchase another property.  

For one, any interest income a taxpayer receives is indeed taxed as ordinary income. 

If it was a property you occupied for at least two of the five years immediately before the sale closed you can shelter $250K of gains as a single taxpayer, $500K married filing jointly. 

So this really looks to be just another "for show" law that lawmaker created using (and wasting) tax payer's money...

The city is extremely aggressive about going after businesses/taxpayers in the city.  

Definitely puts a damper on the charitable billions a year, of taxpayer money, that's sent to other countries.

The Taxpayers pay for Fannie/Freddie, yet the process is a black box of secrecy. 

Account ClosedNot likely you're going to be able to free file with a Schedule E...That's meant for low income taxpayers with a W-2 and maybe a few 1099-INTs.