Verifying last 2 years of rental history very important!

Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

Since you are an active service member the IRS will allow you to have lived in the property for two out of the previous ten years of owning it. you'd just want to verify with your accountant that you qualify for these extensions.Since you converted the property to investment, you may also take advantage of doing a 1031 exchange when you sell.

How can you screen ANY applicant without verifing their income & employment STABILITY - which requires verifying their last 2 years of employment history?

Verifying last 2 years of rental history very important!

There also could be malicious attachments or links that work to steal your login information or infect your computer.Here are some ways that you can protect yourself and your clients.Stay up-to-date on IRS Communications: If you receive any communication from the IRS, ensure it is coming through a verifiable channel.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

How do you deal with people that don’t want to give user name and password for bank accounts, to verify income?

If someone could verify, that would be great. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?