In general, Taxpayers use a Schedule D, part of the Form 1040, and Form 8949 to report gains on these sales.

How do we demonstrate (for taxes) the rental of our home?  

(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

LLC is a legal entity that creates no tax benefits whatsoever and has no tax purpose.

Google ratings and scheduling a consultation is always best and choose an attorney that way . preferably in the area that the properties are located in . 

I am very curious at the STR loophole for tax purposes.

I will wait until we've held the lot for at least 1 year to avoid additional taxes owed per my CPA's advice.

The real value with a GC is not only do they know the process and how to properly schedule/manage subs.....they know which subs/suppliers to use and which ones not too.

The biggest advice to keep the contractor motivated is to give them a 10% bonus if they finish before schedule and deduct 5% if they run over finish date.

Tax season often leads to creative interpretations of what can be considered a deductible business expense.