I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates currently and he hasn't payed the mortgage in a year.His credit is bad so no subject to.The home is lovely and worth $500k.His neighbor attempted a short sale deal as he owes $330k on top of not paying in a year.The owner's lender won't take less than $500k.My idea to help the client avoid bankruptcy and foreclosure is to propose the neighbor and friend buy the home at market value.This would allow the client to pay his friend and neighbor rent at a lower rate than what he's currently being charged at north of 10 percent.What's the lowest rate anyone has heard for private money lending?

We are trying to do everything 100% legit and are in the process of filing for a conditional use permit.

Now I am filing my 2021 return.

Then, nothing else should be filed individually on anyone's return for this property.Is this correct?

If he does not, our attorney files a detainer warrant with the court.

My Fiance and I purchased our first duplex in Everett this year and need some help filing our taxes with this added complexity.

Since the the LLC is owned only by my wife and I and the previous property was only owned by my wife and I, at a federal tax level, there is no difference in how it would be reported on our taxes since we file jointly. 

You'll have reporting requirements with the IRS (like Form 5472, among others) and the penalties for not filing correctly are $25,000 plus.

Yes, but because I just started the least last year, I can only claim 75% until I file my taxes...but even that will just put me at 83k+

In 90 - 120 days business owners can obtain $100k to $250k in unsecured business lines of credit themselves.Follow these simple steps:1) Establish a strong internet presence for your company by listing it on at least 15 sites-- Facebook, LinkedIn, Twitter, Scoop It, Bing, Manta, 411, Google+, Google Places, etc.2) Establish a business checking account at 2 banks (with a 700 credit each will offer a business credit card.3) Make regular deposits into your business checking account for 90 days to establish a favorable bank rating.4) Add higher level trade references to Dun and Bradstreet to provide depth to your Paydex Score (net 30s are usually lower amounts; you'll need higher approvals from your trade references-- 2k to 4k).5) Upload your company financials to Dun and Bradstreet to complete your file and create a strong credit profile.6) After 90 days apply for unsecured lines of credit.