This could be a significant tax savings and I think it's a great federal program to make sure you build efficient homes.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

Or commit to a program that forgives them.One option I do not recommend unless you have access to a lot of cash or someone you know is filing bankruptcy but has credit limits free.

Anyone know what this program is all about?

Call the Housing Authority, you might qualify for "owned hosuing" efficiencies/#bedrooms.Being the first male to be expecting a baby is real news, go public and I'm sure some book deal or movie signing will take care of your housing needs.....

As a caveat, remember that your posts here are viewed by the public, including those who may work in your market but not post here.

And perhaps even another that actually takes title to properties (but isn't so 'public' and visible for asset protection reasons).I see no point in marketing a company name that will only confuse or even intimidate your (private) sellers.

Ankit Duggal I rely more on searching public records and talking to neighbors than anything else.

NoI suspect you ask because you heard of someone doing it or a pitch from some Guru selling a program about how to do it.

I use things like government public record sites and find my own deals.