The question was specifically about TX Franchise tax. 

However, specific regulations may apply, and it's advisable to consult with a legal expert or housing authority to ensure compliance and handle the situation appropriately.

The key detail here is how the trust is structured and the specific circumstances surrounding the sale.In many cases, the type of trust (revocable vs. irrevocable) can influence the tax implications.

I couldn't find anything on this specific thing when I searched so here it is: the water at my duplex has a very strong chlorine taste.

(alternatively does Vanguard offer self directed IRAs?)

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Either make sure your partner gets 100 hours and you do 101, that way you get the benefit ;) alternatively you both can do 500 hours and both get the benefit. 

There are better alternatives.

@Cristian Estremera I’d be happy to try to answer any specific questions you may have.

Let them know - as specifically as possible - what you are trying to achieve.