Every one of these should be considered at a separate trade or business level.If you decide the disregard the QBI reporting all together because you don't want to contend with the software you will either be throwing out a deduction of up to 20% of the income the activity is throwing off, or you'll be messing up your QBI loss reporting by not having the proper carryforwards and end up claiming too much of a QBI deduction in future years.

The building was built for the proper amount of units.

Hello everyone, Long story short...1.1 million dollar property, considered single family unit, two separate units, 1 garage 1st individual invested $437,000; average credit2nd individual invested $70,000; excellent creditTogether, they split the mortgage and other expenses (property tax, insurance, etc...) 50/50 How would you properly prepare a T.I.C. for this kind of scenario?

The ban, which also prohibited advertising of rental opportunities during the duration of the order, includes an exception allowing vacation rentals for military, emergency and health workers.The executive order was set to expire, but the governor last week extended the vacation-rental ban indefinitely

I deal with 20 somethings almost exclusively and explain it like this: “if you come home and little Susie has your cousin in the bedroom doing some Eyes Wide Shut type stuff, you’re still fully liable for the duration of the lease even if you move out and she starts moving through your entire family.

Does this seem like the proper approach?

Hey @Kevin HildebrandtYou will definitely want to have the proper contract drafted up prior to asking the tenant. 

Real estate is cheaper in 85367, Yuma Foothills, than in Yuma proper 85364.

Also, the IRS auditor loves to see organized and properly tallied lists.

I feel a lot more comfortable with the idea of what a HELOC can do if leveraged properly.