Apparently there is a ruling in the IRS code that allows owners of golf courses to depreciate dirt.

I understand the difference between passive investor, active investor, and real estate professional in the eyes of the IRS, but does investing using an LLC give unique tax advantages too?

The IRS has a $15k annual limit per person so between your two parents they could gift you $30k annually. 

How does the IRS know how much I am renting my property out for?

The reason being is that conventional lender will require you to personally guarantee the loan and that is now allowed by the IRS.

Trying to figure out what to pay IRS in estimated taxes.  

Seems like a a simple issue, but not sure what’s the proper, IRS compliant way of handling this transaction and ultimately getting the $ amount returned back to the LLC checking account since the product needs to be returned to the store.Thank you very much!

Even so, the bottom line on Schedule E will often be zero, because the rental income will often be fully offset by deductible expenses.Step 6: Write off the personal-use percentage of mortgage interest and property taxes as itemized deductions on Schedule A of Form 1040, subject to the new Tax Cuts and Jobs Act of 2017 (TCJA) limits for 2018-2025 (see “TCJA changes affecting vacation-home owners” below).You are allowed to carry over any disallowed allocable indirect expenses to future years when you can deduct them against rental profits (if you ever have any).Controversy regarding how to allocate mortgage interest and property taxes The IRS says you should use only actual days of personal and rental usage to allocate all non-direct vacation-home expenses, including mortgage interest and property taxes.

After doing some repairs and deferred maintenance the exchange property is rental ready but obviously this moratorium has made me hesitant to rent it out.My tax planner says I really need to get it rented or risk the IRS voiding the exchange. 

Go to the max without triggering an IRS audit for starters.When working with the other tenant, I would also state , " the owner is a pretty cool , but i need to watch every dollar keep the property looking great.".Or  " The owner is a pretty tight with money but wants to keep the property looking great and well maintained".Both those statements take a lot of stress off of you and put on the owner!!!!