Some areas will see status quo.

Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status.

And maybe that requires a new type of status in our system like "in suspense".

Also ask for an update as to when the case will be filed in court or for a case number so you can call the court for a status update.

They can tell a future creditor that they sold before the sale date (if that is what happened) but the foreclosure status most likely will show up on their credit report for seven years even if you bought the property before the sale.

Switching your rental properties to an LLC or electing S Corp status might not significantly reduce your tax burden, as both are generally pass-through entities for tax purposes.

Your investing approach will be determined by your understanding of your goals.Analyze your financial status right now.

I assume then if my tax status is married filing jointly, we are considered one tax payer.

To me, this is a marital question.When we talk with house-hacking buyers or investors in Colorado, we insist that both partners are on the phone because so often they say they're on the same page when in reality one partner wants to house hack and the other wants to nest. 

I thought it had something to do with the community property status.