@Aaron Landau,Just something to note here If you filing jointly and your MAGI income is above $150k you won't be able to deduct any passive losses against W2 income.

The sill should be one solid piece as tiled sills present a potential leak point at each of the grout joints. 

If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,000 in profit, or $500,000 if married and filing jointly, from capital gains taxes.

Does This seem like a Fair Partnership Very Very Rough Draft WHEREAS, Party 1 and Party 2 (collectively referred to as "Partners") desire to enter into a partnership for the purpose of jointly owning and managing real estate properties;NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Partners agree as follows:1.

@AJ Cerbo  Like student leases you make them jointly and severly liable and have them sign one lease.   

I'm all about forming a network of go-getters who encourage one another, collaborate, and even pool their resources for interesting joint initiatives.Listen up, my friend: if you truly want to dominate the investing game, you must find your tribe of ambitious go-getters.

My wife is Filipino and not a citizen of the US currently, we married in September of 2023.My question: While we've only been married for 5.5 months, can we qualify for the joint filing $500k exemption?

Do not put them into the same asset and jointly manage. 

So, friend bought a property cash under their name and now refinancing (cash-out refinance) the property into an LLC that is jointly owned by both of us and we will be getting funds from this refinance for renovation work.

For example, in 2024 if married filing jointly see table below.You could also do a 1031 exchange to avoid the taxes completely but have to invest all money into a like kind property of higher value.