The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.

I'd use a Schedule E for my tax return listing this condo property on its own page.I believe we (in Indiana) are a community property State. 

If I technically do not have a primary residence, what would I list as a primary residence.

(e) Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.

This loss is designated as non-passive loss in Schedule E and hence deductible from ordinary income (W2, 1099B stock sale, etc).I see no state returns simply because of no income as well as the losses being non-passive and hence deductible from ordinary income.How is your CPA suggesting to track the passive losses without filing for state return?

Most Realtors that list a rental/multi family property list them like they were a single-family residence and try to price them like their someone’s forever home.

A few weeks later I was notified by e-mail that they had a new minimum price and offered it to me with 24 hours to accept before being relisted.

Also, it would be great if I could get some suggestions on what website/tool to use to do background checks and e-sign lease agreements.  

If this election is made, the term “section 179 property” will include any qualified real property that is:Qualified improvement property as described in section 168(e)(6) of the Internal Revenue Code, andAny of the following improvements to nonresidential real property placed in service after the date the nonresidential real property was first placed in service.Roofs.Heating, ventilation, and air-conditioning property.Fire protection and alarm systems.Security systems.https://www.irs.gov/publicatio... 

We can e-mail, post, or ask ANYTHING and Sean will spend as much time as needed explaining it.