My question is in order to use my rental income to offset some of the monthly mortgage payment debt and improve my DTI, do I need to show 2 years of rental income and take no deductions on my tax returns, paying a fat tax payment.

From a tax perspective, SMLLC and you are the same taxpayers.

so it is the taxpayer for the property. 

(Why should the tax payers be left footing the bill for a scammer?)

From the 1031 perspective it is important that the tax payer for the old and new property are the same. 

I believe ww should focus on taxpayer service first then figure out how to close the tax gap (starting with nonfilers).

The deceased taxpayer might have to pay estate taxes if they are above the threshold of almost $24M. 

Hi @Julie Sisnroy, Yes, as long as the new LLC is a single member LLC and disregarded entity and you are the sole member of the SMLLC it will qualify as the same taxpayer for 1031 Exchange purposes. 

Hey Guys, Cash flow question:   Does anyone invest their cash flow into a liquid tax sheltered investment account? (Canadian investor so I'm thinking TFSA)  The intention would be to invest the bulk of it, and at the ...

GAO - Opinions from IRS Code (IRC) violation cases, IRS Pubs, FSAs, TCMs and Reports GAO-20-210 - IRS Could Better Inform Taxpayers about and Detect Noncompliance Related to Unconventional AssetsThe list could go on, but most of you are probably way bored by now.