Maybe they will see you as low risk for audit and suggest option 1 or 2 to not attract attention.One approach to get the contractor to provide their social security number is tell them you are going to 1099 them and tell the IRS they refused to provide their tax payer ID number.

This is what our CPA says:"The rental real estate loss allowance is a federal tax deduction available to taxpayers who own and rent property in the U.S.

If I ran the world I would make the colleges co-sign the student loans rather than the tax payers.

Although I recommend speaking with a CPA first before making any decision.You can keep her as dependent as long as the salary paid is not more than the income of the taxpayer.

To qualify as a real estate professional, a taxpayer must satisfy the following tests: Perform more than 50% of services in real property trades or businesses (“50% test”), and.

Remember that about half of loans are backed by insurance (you and me as the tax payer) so there is money on the "back end" that the bank stands to gain as well.

When an IRA engages in a trade or business on a regular or repeated basis (which frequent flipping becomes) then the IRA is subject to taxation called UBTI meant to level the playing field for tax-paying business and protect them from unfair competition.So, generally an IRA is better suited to truly passive investments like holding rentals, private lending (such as to unrelated flippers), and syndications.

@Ryan ReidBelow are a sample of 2 instances when someone would want to perform a cost segregation study.1) They are eligible to claim real estate professional status and performing a cost segregation study would wipe out other forms of income.2) taxpayer has a lot of rentals and some are generating positive taxable income.Performing a cost segregation study on one property may wipe out the taxable income from the other properties.Best of luck.

What could make a deadbeat hillbilly happier that sitting on their fat butt; smoking a cigarette; working on a case of Bud; all of the while watching their 120 inch big screen TV - ALL PAID FOR BY THE TAXPAYERS?

On the City of SF's website it says property taxes (including assessments) are $4,011. http://sftreasurer.org/property-tax-payments