To qualify for active treatment and unlock potential tax savings, you must meet the material participation rules outlined by the IRS.

A lot of section 8 renters go straight to their case workers with issues like this and it becomes a lot bigger deal than it needs to be.Just do the treatment, cover up the holes, and move on.

I am not telling you to do one thing or another  Also, i believe that FHA will not allow renovations to a home unless it’s already livable with minimal to no repairs visually needed but go check.

I recently used a structural engineer to do a visual inspection of one of my single family rentals. 

If you want clients to have empathy for your situation with your company we would expect the same treatment back.

And real estate typically has much better tax treatment than the stock market.

Taxes are calculated on the gain (e.g. sale price - purchase price + expenses, broken down fairly clearly by @Jake Baker) not just on the sale price.The tax treatment on sale of a Primary Residence vs.

This treatment ensures accurate financial and tax reporting, as the credit is part of the sale transaction rather than income.This post does not create a CPA-Client relationship.

If there's a dispute on the disposition, having visual evidence of what you're asserting is really important.

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads.