If the committee axes you or they don't like the direction you are heading (they know because you have had to report your taxes and financials to them every year) you are out.  

Sure, some were kids just looking to get an elective out of the way, but for the most part the classes consisted of folks in their mid-20s to early 50s looking to get into real estate.I really couldn't disagree with @Kevin Cook more.

It may be a non-issue if the amounts are de minimis and you make a de minimis safe harbor election and expense the costs for book and tax.Disagree on S179. 

I have been in the construction business since I was 17 and I just felt more comfort in the doing that electing construction was better suited for me.  

(This can be reduced by up to three months under certain circumstances and, if the COA elects to foreclose nonjudicially, it is not entitled to a super lien.)

During that conversation, she elected to go with the seller-financed offer.

@Katie StoneDearest tenant ;We have elected to not to renew your lease endIng on such and such date .

. - Electing to be taxed as S-corp will not convert your passive income into ordinary income.

Without getting too political, and to keep it brief, I do not think the bill will make it out of the subsequent committees.  

We will then elect to be taxed as an S Corporation(We will be the only 2 members in our new Colorado LLC) and we will pay ourselves whatever we deem to be a reasonable salary(I've heard it should be at least half of our income) and pay our S Corp dividends so that we can save on self employment taxes.