There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

While I’m still in the early stages, I’m incredibly motivated to learn, grow, and surround myself with like-minded individuals who can help guide me along the way.What drew me to real estate is that I saw it as the best route for me and family to have financial freedom.

However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.

Furthermore, the individuals entering into these agreements believe the transaction to be a loan.

I'm invested with individuals who have each put much more cash into the deal than I have, and their only compensations is a fixed percent of total profit. 

I'm looking for likeminded, hopefully already successful individuals, who would like to chat and share stories about the opportunities and ways of working in RE here in Portugal.Any meetups happening in Lisbon, remote- or on-site?

That being said, you could be the individual who helps identify this respective vendor.

.), how litigious is your state, your own loss history/ratio as an individual investor, the carrier's overall loss ratio in a certain state/area, the deductibles you've elected, etc. 

I’m here to connect with like-minded individuals, exchange ideas, and continue learning from this incredible community.

Quote from @John Morgan: I’d do individual cash out refis on them to scale up.