This rule is really designed to catch that doctor or lawyer, trying to claim their vacation home 2 states away as their primary residence, when they sell it for a big gain, not to exclude a legitimate deduction as in your case.Hope this helps,Good luck!

Using him as an example how to invest is SILLY.I legitimately don't know who you are referring to with "Warren." 

@Ryan Harsche just wondering if you could provide other legitimate reasons for not moving into a fha home?

Lastly, if $1,600 *is* a legitimate market rate for your duplex and you don't have the heart to ask for it then you absolutely need to sell your rental and move onto another avenue for investing.

Is it legitimate to simply split expenses and earnings on our taxes 50/50?

There's only one place the city has legitimate money, and that's in its law abiding working class.

If you're trying to set up entities and structure your entities and assets to give you asset protection, tax minimization or both, you are absolutely right that it will take a significant amount of work by your attorney or CPA or both.If you're trying to develop an operating agreement between two friendly partners, it will take a bunch of conversations to get that hashed out.If you're creating a private placement it will take weeks of work and tens of thousands of dollars.If you're trying to create an LLC to use to make offers for wholesaling, it will take you all of 5-10 minutes on the secretary of state's web site (at least here in CO) and on the IRA web site to have a legitimate LLC with a valid EIN.

Gives the legitimate one's a bad name.

There are many fake websites impersonating legitimate companies and some have been discussed here.

You'll find that there is ample free information available on this platform and legitimate professionals who are willing to give their advice in order to grow the community as a whole.