@Patrick McGrathI’m sure they will let tax payers pick up your lost rent.

Or have they just shifted the losses to the US taxpayer?

Please note, this extension applies to all taxpayers with exchange deadlines within this time frame.

It funny taxpayer money is used to bail out airlines, but in exchange they give us small seats, charge us for everything.

As taxpayers are not doing these folk any favors by giving them a free pass through life.

I am not a CPA however, you are looking at being taxed at your marginal tax rate (ordinary income).You should consult a CPA or tax attorney as there is one way I know of around that.

I want any opinions of Stefan Aarnio and his book "self-made - 5 secrets that transform ordinary people into self made millionaires".A little backstory, I went to a local REI group in Winnipeg, Manitoba, Canada and he was the host of the event. 

Thus, the taxpayer is not treated as materially participating in the combined rental real estate activity until the taxpayer materially participates under the tests for determining the material participation of a limited partner. 

Ifthe need for repair is a result of damage done by Tenant and/or their guests,and not that of ordinary wear and tear, Tenant agrees to pay for the repair.  

If the unit is occupied more than half the days of a taxpayer/owner’s tax year by a tenant(s) that stays for less than 30 days, it is considered a transient basis rental.