@Todd Kozak  The Federal FinCen new regulation called the Corporate Transparency Act (CTA) requires ALL LLCs/Corps to register by December 31, 2024. 

Both Democrat and Republican presidential campaigns have found common ground on housing policy by proposing the use of federal lands for homebuilding.

I know there is an ATI exemption that reduces the taxable value by ~25%.Anyone else went through this and can advise on how to move forward with this?

Open up Federal land's for housing development....

You can add Schedule C or Schedule E to your personal form 1040 return to handle taxable income. 

You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.

My numbers are also in the federal DNC and those of some other states’.

This gives you up to 25% reduction on your taxable value but not more than the prior value. 

These expenses would lower your taxable income and further reduce your overall tax liability.

I worked as a federal employee for 30 years (NOT in this program).