There are no black-and-white laws that apply to them, so different tax professionals have different opinions.My opinion is that the market discount rules do not apply to NPNs.

Originally posted by "Black Cat":Newbe here,Looking for the actual words for the following abreviations:REO Real Estate Owned (by a lender) also known as OREO by some lenders for Other Real Estate Owned to seperate it from the properties they own and use for business purposesBPOBroker Price OpinionIMOIn My Opinionoo propertyOwner Occupied PropertyThese abreviations were used by bethwrealtor on 09-30-06 in a post.Thanks

Let's see if we can have some fun and get one of them away from Black's Law Dictionary and away from memorizing the US Code of Federal Regulations long enough to answer this one.

I wish to provide my guests very comfortable sleep yet want to take advantage of upcoming Black Friday sales on mattresses.

Hey @Shulem Deen  - correct, calculating 2 & 3 shouldn't be a walk in the park or something super black & white. 

To provide an example, let's pretend that your tax accountant forgot to include depreciation on your tax return, but you had a lot of repairs that get you to a rental loss, you still will not be able to deduct the loss against W2 income if your income is above a certain threshold.However, things are never black and white in tax law.

The  light maple cabs I put in years ago still look nice, and I contrasted that with black galaxy (speckles) granite, and they still look nice today.

They replaced things with their maintenance crew...carpet completely black with stains, and it was carpet they replaced once before and not what was there when they moved in 6 months prior. 

My brother currently has mostly black aluminum furniture with light wood accents in his apartment.

As long as my income qualifies me it is pretty black and white - there is very little room for grey areas.