I'm familiar with the Monkey Junction area, trying to find properties close to my home to simplify things.

The BP Podcasts take expert advice and simplifies it so that anyone can understand.

The way you simplified it helps.

One just need read the law for a very easy understandingThe preceding sentence shall not apply to any foreign taxes described in subsection (a)(3) or to any taxes described in paragraph (1) and (2) of subsection (a) which are paid or accrued in carrying on a trade or business or an activity described in section 212.And then the reference from the above law to IRS Code 212(1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax; and(2) It is an ordinary and necessary expense for any of the purposes stated in subparagraph (1) of this paragraph.And for even simplified version, just look at the IRS guidance on the subject...What Deductions Can I Take as an Owner of Rental Property?

i know i’m over simplifying, but at a high level i just want some feedback on tax reporting for syndications from you experts.  

You'd simplify your life AND enjoy higher cash flow.

Hi all,I wonder if anyone can help me understand (OK simplify) the rent to buy processMy tenant has been in a year and asked if I would sell to them.  

Your dilemma is exactly why I took my properties back and developed a software to simplify management so I can do it myself. 

Simplify your business.Tenants do tend to get upset when you tell them what they don't want to hear.

I have heard the difference that @Michael Plaks brings out with @Ashish Acharya and @Brian Schmelzlen  and it only convinced me that the tax code needs to be simplified.