All this strategizing on how to allocate taxable income to one individual in a bona fide manner...the juice may not be worth the squeeze...

Navy Federal Credit Union?

So all you're doing is creating potentially taxable events but holding in a corp and no benefits. 

I feel in my gut I could have gone about this a better way and could use some input.I recently pulled out all of my money from my traditional IRA to put towards a down payment for a duplex my wife and I are buying in DC in 2 weeksNeedless to say, it is now considered taxable income with the likelihood of incurring the 10% early withdrawal penalty.

Basically, any federal program loan for owner-occupied properties is going to have strict condition requirements, meaning no fixer-uppers.

Leaving $14000 in taxable  income.Assuming all of it in the 22% bracket + 4% state: 26% Tax = $3640 If I live in one unit - I lose that $18k annual rental income, but also lose 1/3 of the deductions: Income:    $36,000Deductions:  $26,666 Taxable income: 9,33426% tax: $2427So, let’s say I’m currently living in one $1500 unit.

@Pauline ZhaoA partnership that has neither income, deduction, nor item of credit does not need to file a federal income tax return for the applicable year.

Medical marijuana sales have been legal in the state for a little over a year, but it is still federally illegal.

No single job category, as tracked by the Federal Reserve, accounts for more than 18% of our total job base. 

I have 3 homes total, income thats non taxable and some that is etc.