You can retain the relevant documents, such as the request from the county and any communication related to the payment, in your records.If the tax authorities have questions about the adjustment, you can provide the documentation at that time.

The Tax Cuts and Jobs Act (TCJA) implemented in 2017 retained the preferential long-term capital gains tax rates, providing lower tax rates for assets held for more than one year.

Also, note that excessive front-loading may raise red flags with the IRS.The remaining profit can be distributed as bonuses, dividends, or retained within the business, but it's important to ensure that the total compensation (salary plus bonuses) is reasonable and justifiable based on the shareholder's contribution to the business.Remember that working with a tax professional or CPA who specializes in real estate and understands the specifics of your situation is crucial.

These can reduce your overall tax liability while helping you attract and retain talent.Real Estate Professional Status: Depending on your level of involvement in your real estate activities, you might qualify as a "real estate professional" under IRS rules.

It seems that we would cash flow $400+ on the rental, retain all of our equity and upgrade our residence.

You will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling. 

After the escrow closes, sellers often retain the right to discount the second mortgage, sell it for less than face value to an investor.

The seller's attorney was informed that he is not longer being retained by her client.

It will give your son a great way to cover his living costs and some experience with managing a rental property which will be very important if he moves out of the area, retains the property and needs to hire a property management company. 

Rent all 2 beds at 700 a week.700 X 50 = 35,000 month X 12= 420,000 gross income420k divided by 2 = 210,000 NOI50% costs is5% property management15% vacancy loss turnover30% operating and expensesSo based on the quick formula buying at a 10CAP going in the most I could pay is 2,100,000.Now this doesn't look at deferred CAPEX and a bunch of other items.This is a down and dirty 10 second calculation I do in my head to see if it's a possible or not to look into further.You have to really know the markets.Example current income is based off of 700 with many leases fixing to expire.A current investigation of the market shows competitor rents have decreased from 8 months ago and are now 675 a month.To retain many of the tenants on renewal all things being equal your rent rates will most likely go down along with cash flow.I could go on and on but this is how I do my quick calculation.