Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

If you can add a legal ADU at $25k in the Austin area then you should add it.  

They charge $1250 for properties under $1mm for a 1 to 1 exchange and if you have another property to move your funds into, they charge $550/additional property.

In addition I am giving him freedom to explore (to a certain extent) on my dime.

We have excellent credit and cash capital.

Why ask: Get clarity on the full cost of the program, any additional fees, and what’s included.

Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues. 

LLC Transfer & the Due on Sale Clause•HELOC: If you take out a Home Equity Line of Credit (HELOC) on your rental, most lenders require the property to stay in your name.

Our country needs four million additional homes.