If the requirement to report correct information is intentionally disregarded, each $330 penalty is increased to $660 or, if greater, 10% of the aggregate amount of items required to be reported.

So this is a single-member LLC treated as a disregarded entity.Then the "mothership" LLC sets up and owns individual "child" LLCs for your properties: the "Baltic Avenue" LLC, the "Mediterranean" LLC, the "Park Place" LLC, the "Boardwalk" LLC etc.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

So sorry, I feel you, I own 3.Apparently the DST industry is full of Sponsors who take investors money and then disregard any responsibility for explaining themselves in a intelligent and respectful way to the investors that make their business possible.

If taxpayer is not involved in day-to-day managementor operations, certain activities are disregarded when counting hours for material participation.The following activities would not constitute material participation: Studying financial reports Preparing analysis for taxpayer's own use Monitoring finances or operations in a non-managerial capacity Periodic consultation (not sufficient to meet material participation standard)Investor-type activities do not count unless the taxpayer is directly involved in day-to-day (see above for day -to day emphasis mine) management or operations.

Please disregard!

Also, remember that each entity filing a separate tax return generally needs its own subscription, but if entities are disregarded you can track multiple ones within a single account to save costs.

The single member LLCs are all disregarded entities so don't need their own federal returns though they may need state-level returns. 

This would appear a blatant disregard for disclosing to would be Investors information that would have been needed to make an informed investment decision.Perhaps you already have this YouTube video.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.