If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Currently, we're contemplating switching to a different dialer to see if we can achieve a better outcome.Feel free to reach out if you have any questions, good luck!

Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive. 

It's not necessarily saying all of your income from rentals ever will be tax-free (though it could be). 

March 2, 2025The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.

For Question 2, distributions from a DST are typically not additional taxable income beyond what’s reported on the Substitute Grantor Letter (SGL).

You won't get calls at 11:30pm on a Saturday reporting heat is out when the temperatures are -17 degrees.Increased Long-Term Property Value: "Nobody will care about my property better than me!"

You are converting their tax free gain in to a taxable gain.

I used to cover the Padres as a reporter back in the day.

You can get all of that in a dozen different places for free.