@Joseph PuglieseThe simple answer is: you do not "write off the loss" because there is no "loss."

@Richard Thibodeaux - pretty simple really...Discover you WHY.

I was thinking of a different countertop and a simple subway tile backsplash.

Looking to file taxes for a small and simple member managed LLC (2 total members), and was looking for some advice. 

If you want someone specific to Carrol County find out what paper is the legal paper for the county.

It only has one post at the moment (which is just a very simple illustration of the concept of options), but my intention is to add content to it as I discover more in my research.I hope you'll follow and participate in my journey.Alan  

Concept or idea 2.draft a business plan (this can be simple 1 page outline) 3.set up the entity and tax ID 4. open bank account 5. take action on the plan.

Land is cheap while developments exist on paper.

So it isnt as simple as debt  is 8% and money will bring 6% so that is a 2% loss

@Wilson Lee I would just immediately evict her...get her out of the house so you can get it sold...its that simple...