Selling the rentals via installment sales could also spread out tax liability.This post does not create a CPA-Client relationship.

Building a cabin in a tourist destination that does not have easy access to gas or electric.So I will need to run electric line anyway and considering installing underground propane tank, is it worth it?

Along with a kiddy-pool sized litterbox in one corner of a room, cat urine and feces in the OTHER corner of the room on the carpet (newly installed by the seller when I bought), and a smell that made my eyes water walking in the front door.The lease has a clause for Tenant-Caused Damages resulting from tenant negligence.

I updated the kitchen with high-end appliances, installed custom cabinetry, and added modern finishes throughout.

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?

Even if they did, the side with evidence tends to win.Your deductions seem reasonable and you are clearly trying to be fair.

How many are you installing a year?

And you're right, it moves fast when the value-creation chain is created on both sides of the transaction.

Island. nothing installed in your island. 

Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.