the state programs are really federally funded - the money allocated to local areas from the federal gov't is managed by local towns and offered to people who qualify through an application process.are there progams available to investors?

Any cash withdrawn is first allocated to your depreciation recapture and is taxed at 25% flat rate for federal and then what ever your state tax would be, then is allocated to your capital gain and is taxed at a maximum rate of 15% for federal and then what ever your state tax is.

You see that I have allocated enough to cover the expenses including maintenance and upkeep, and insurance to make sure the asset is protected (can’t insure a stock, can you?)

THen lease/buy to tenant with % upfront and monthly payments with small amnt allocated twds the sale price of the house?

The amount of that payment that is allocated to reduce principal grows from period 1 through period 360 and interest goes down.

If so allocate it based upon personal.

., must all be allocated between the primary residence portion and the rental portion.

If you are living in it you need to allocate the expenses to the rental vs yourself and the Maintenance that is on the house associated with the rental needs to be subtracted from the profit you list.

The debts owed by that decedent would have to be paid from the proceeds allocated to the fraction of the property owned by the decedent.

Capital and equipment.If the gross receipts and profits come from items 2 and 3, then that should not be associated with the shareholder-employees personal services and not be allocated as compensation.On the other hand, if most of the gross receipts and profits are associated with the shareholders personal services, then most of the profit distribution should be allocated as compensation.It seems to me that if you use a S-corp, pay yourself only a small salary, and are very actively involved in your flips, the IRS can step in and reclassify most of your pass-through as wages.