This is a screenshot from a private Facebook group for tax professionals.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

Home went to tax sale county kept excess proceeds.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

The US Government and the States have but one way to deal with this, taxes.

Tax credit 45L for a 90 unit or 112 unit project? 

What paperwork should I keep a paper trail of to make things like taxes and other situations better/easier for myself?

And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

Hi Nirek - I deal with a lot of clients in your similar situation.