You normally need an EIN to open up a bank account for an entity.There is no such thing as 'backdating' an EIN.Normally, you need to wait some time for the IRS to register the EIN in their date base for you to start e-filing the return.I think you should have enough time to e-file a partnership return by the March 15th deadline.best of luckSo just to clarify, the property was bought by n November 2021.

@Amanda N. - I have a larger house in Destin and a condo on Okaloosa Island (i.e.

I have enjoyed vacations in both N.

To answer your question...yes..mainly wholesaling fix-n-flips and working on buying holding.

I just moved to the area from N Idaho; I'm an RN in the ICU at Banner U, and I'm looking to buy my first home here. 

@Roy N. excellent post!

If by development you mean property in which it is your primary intent to sell like a fix n flip, or a piece of raw land to develop and sell lots then no that would not qualify.

We bought a rental propery house in Manteca recently with 20% down and able to break even without accounting vacancy n prop. mgmt fees.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $145,000

Cash invested: $15,000

Sale price: $225,000

Picked up as a wholesale property. Updated flooring, count...

"Paul's Pipe N Hole inn"