*Special rule: If you and your spouse are the only owners and you live in a community property state, then you can choose which of the two classifications you want to use.If your LLC made an election, then your LLC is taxed as a C corporation or an S corporation.Do you need to make an election for your LLC to be taxed as a C corporation or an S corporation?

She has been breaking the law and not playing by the rules for years by not claiming that income and now she has found a game that requires her to play by the rules and she can't, because she been breaking them all along.

Based on the 50% rule, tax records, and deed records, these people WAY overpaid (apparently they expected the Texas market to do what the California market was doing).I ran the numbers, and in order for the deal to make sense to me, I'd have to buy at 50% of the asking price.

Because of the Golden Rule.

His wife was adamant that the tenants move right away but finally agreed after I established a strict set of rules for the tenants.

There ARE rules regarding service animals, but there are also people who circumvent them.

I just made that my own personal rule..:)I've tried several different types of Standard Buying Contracts & found that Florida's standard "FARBAR" that realtors use, works the best for me (I'm in Florida).

The general rule for rental real estate losses is that they are passive.

If you intend to use a plan that allows you to invest in real estate the document will be much more complicated because of additional rules that must be included. 8)

It's the old 80/20 rule.