I guess my real problem is a gov. that loans money (they printed and devalued mine) to private entity and does not use said money to help people, but instead found another ave. to profit off tax payers.

However, one of them still is valid and the tax payer listed on the lien is deceased (purchasing the property from her Son who 'inherited' the house).The Son feels that the lien should have been paid a while ago and perhaps the IRS simply failed to discharge it from record.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

There's a flat deduction for folks that fall under the AMT.Not only that, the Taxpayer Relief Act of 2013 reinstated the personal exemption phase out AND the limitation of itemized deductions.

The end result is - the house often sits empty with no mortgage and/or tax payments made by anyone.

The taxpayer's personal residence will not qualify.Ref: 1031.org

LOL It's now double digits percent over the ask and yes it's nearly fully fixed retail.Do a yellow letter campaign to vacants, divorce, probate, code enforcement, late tax payers.

The exclusion is reduced pro rata by comparing the number of years the property is used for non-primary residence purposes to the total number of years the property is owned by the taxpayer.

If the taxes are current, maybe the county Treasurer keeps her deposit records of tax payments made.

In addition, taxpayers must generally report all their income (regardless of where it was earned) in their state of residency and pay income tax.With both states taxing the source income, it would seem to give rise to double taxation.