-Are their ways to claim 75% of the rental income on the new property if I haven't landlorded before?

Do I include anything on my 2019 taxes or do I start claiming on my 2020 taxes next year because the 'in-service date' is March 2020?

My agent is telling me that it is impossible to deed a property in Wisconsin with existing financing on it, but I do not see why the seller could not quit claim the property to my LLC and I take over payment of the mortgage for 12 months until I can do a cash out re-fi.

I am trying to acquire a quit claim deed to a property in my neighborhood.

Not to discount all those that lost jobs, which the unemployment claims data shows. 

My husband and I have had a rental property in WV for around 11 or 12 years. In Dec. 2019 we purchased another rental property in OH. Although the properties are in different states they are only about ten minutes fro...

Originally posted by @James McClincy: can you provide stats backing up the claim that it will be poor people asking for the free rent?

Each month, we have tremendous Contractual Obligations and payments to make - Grocery-Bills, Utilities, Mortgages, Plumbers, Electricians, Medical Insurance Premiums, Property-Insurance, Sewer-Water, Oil, Gas, Electricity, Property Taxes, Cable & Internet, Cell-Phone, Income-Taxes...Are we now doing away with our entire system of Contract & Tort Law?   

You could quit claim it over later but then you are getting into legal which I can’t advise you on.

I have never claim for capital gain tax exemption in the past.Thanks all!