Municipal liens, property tax liens, environmental liens and federal tax liens are examples of exceptions.

(Box 6b on PRE form) But I do agree you would not likely be able to claim any federal income tax relief unless it was sold at the same time as the rest of your primary residence.

We have begun much of the initial research including marketing demographics, state licensing requirements, Federal filing through the TTB, cost of equipment, etc.

Rule 156 provides guidance on the types of information in sales literature that could be misleading for purposes of the federal securities laws, including Section 17(a) of the Securities Act and Section 10(b) for the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

These were high risk loans described by B of A’s former CEO as “toxic waste.”As per the SEC complaint, “Bank of America never disclosed this material information to all investors and never filed it publicly as required under the federal securities laws.”

This funding has provided us with the capital and liquidity needed to fulfill our mission of providing liquidity and support to the nation’s housing finance markets and to avoid a trigger of mandatory receivership under the Federal Housing Finance Regulatory Reform Act of 2008 (the “2008 Reform Act”).

You need to be sure you are following every state and federal law to avoid costly legal problems.Of note, if you enter into a contract, this is a binding legal instrument.

@Chris Lieder,You have done well for yourself.You really should have a conversation with an attorney where the property is located to make sure all the legal issues are fully addressed and you comply with all local, state, and federal laws.With that said, what comes to my mind is the additional wear and tear on the property and you not being compensated for what will some day cost you money.

Your mileage associated with the rentals is deductible.Hopefully your rentals will be profitable and will generate taxable income even with the depreciation deduction.

On top of that are federal laws.