Use IRS Schedule E for tax filing.

To protect the 1031 status, they should hold the property for at least 1–2 years as an income-producing rental, report rental income on Schedule E, and document all activity properly.

Hello,being a newbie in RE investing, looking for some advice from the seasoned BPocks! I do not have any experience with crowdfunding, it is something I'm now researching and would like feedback and any advice/ words...

That’s ideal for long-term buy-and-hold strategies that benefit from tax advantages and stable appreciation.Tax ConsiderationsRental Income Benefits: Any property you rent for 14+ days per year qualifies for Schedule E reporting.

I,e. most people think it is a surefire win, and while it can certainly be, it is definitely trading some risks (the concentration of putting all eggs in a single basket in any HCL location), with the risks of not knowing almost anything about the area you are investing in.  

Quote from @Jay Hinrichs: Quote from @Scott E.: Excellent post.

As a QuickBooks ProAdvisor, I customize the chart of accounts, classes, and tags so every transaction is properly categorized by property, making tax time a breeze (and Schedule E reporting super clean).Receipts?

Currently, we own and operate around 1,900 lots in 12 states, and headquartered in Phoenix, AZ (1176 E Warner Road Gilbert AZ).

Purchase price: $220,000 Sale price: $260,000 Contributors: Peter Vekselman Partner Driven and Patrick Curtis snagged this coastal property on 143rd Ave E for $220,000 and flipped it the same day for $260,000—no renovations needed!

Since Friday the 13th I have e-mailed them each day and sent 4 or 5 texts.