Does the fact that she doesn't pay rent pose any tax implications?

It has not gone in my favor and is taking up the entire useful part of my lot that I am stuck owning and paying taxes on because it is tied to a mortgage on a MFH that I own.

Plus with commissions, you have write-offs for expenses to reduce your tax burden. 4.

We would never allow this.What is your tax situation - I don't see anyway you end in a good situation by selling due to depreciation and payback and realtor fees, selling, closing fees etc unless you 1031 into something.

In looking back at my tax records, I did not “abandon” the property, I just had no rent to claim the next years, in 2021 and forward.

Most of the coast is unjust toward Landlords, higher taxes, and other negatives.

When looking at an LLC, or any entity structuring, there are two angles to consider: tax benefits and asset protection.I frequently see asset protection lawyers recommend an LLC for each rental property owned for liability purposes.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The entry-level Quickbooks Online software itself is expensive $250/yr... that's not even adding up potential books/courses, CPA fees or personal tax filing software like Turbo Tax.

Which would be the best way to structure this while avoiding tax charges?