NAR and other trade groups reached out to the IRS to change this treatment, and the IRS has made that change.

That way, you can be sure to receive the most favorable tax treatment and avoid any surprises at tax time.All the best!

@Ani KapYou're getting the retail homeowner treatment, that's for sure, but that's not an incredibly high amount for central PA.

Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...

When I file for 2018, if I do not file for treatment as an S Corp, I will owe self employment tax on the total profit from the sale. 

Buggin’ Out out of Westwood is good, they do all my pest inspections and treatments on my foreclosure properties.

Many publications from 2009 and prior fail to include the guidance and clarification from FASB on the treatment of troubled debt.

Our joint venture partners, who are usually on title, are never informed of the presence of mold in our properties...we don't even charge for the Microban treatments we do on every home we buy just as a precaution.

And depreciation is taken as a business expense and then the net profits must be distributed to get the tax-treatment of a REIT, right?

Along with that, they tend to be more trouble than other tenants, trying to hold the money they paid in advance as a token that gets them preferential treatment, and an allowance to bend the rules.