Given your W2 income, early withdraws from those accounts will likely kill you (its taxed at your ordinary income level plus a 10% withdraw penalty).  

I am not sure but I guess that works.. trying to get folks to think your just an ordinary Joe.5.

@Amanda Malson,As a general rule, flip income is ordinary self-employment income, not capital gains.  

Either way, if you flip houses that is ordinary income. 

The only thing that changes is that, if you chose to file as a C-Corp for some reason, the profits that flow to the members of the LLC would be taxed as qualified dividends as opposed to ordinary income on the personal 1040's.

HML outside of a retirement account results in ordinary income.

The K1 has all of the profit listed on line 1 as ordinary business income and does not seem to reflect long term cap gain tax benefits. 

As mentioned, the HOA official documents can be obtained free by the home owner/Realtor via the HOA's web site and hard copies cost no more than $25 and the home owner has already compensated the property manager to complete these ordinary tasks with their HOA dues.Then there is the Transfer Fee on home refinancing.

Someone who finds loopholes to avoid/defer ordinary income tax.

Very relevant as we all do our yearly tax rituals (whatever yours may be)...The Schedule E is not ideal, but for round peg expenses (that are legit "ordinary and necessary" expenses, and the IRS and tax courts have lots of info, be it regs, opinions, and decisions on that) that do not fit in their Schedule E round hole categories, I try good ole' Line 19 and I even write in a couple (be it condo dues or cell phone) that are major contributors to the category in the small space provided.