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Yup, and I'm not really tied to any one particular area of the city, besides where my friends live, and the proximity to a grocery store. So I'm looking for the perfect house. I really like shopping real estate (I've found every property I've ever bought, not the agent) so I've already set up filters on realtor.com and getting alerts on particular properties I've saved. Now there is one I'm interested in that isn't finished....but it will be a million dollar property once it is and the price is well in range. Gotta see it so I know what it still needs and even more important, if what it needs is within range of pay someone to finish it. Yeah, I think I'm incurable. Damn, I'm excited though! Finally getting out of Sacramento!

From my reading of this, income is non-passive, losses are passive.

I combine donations to the same place for a single entry. Otherwise, it is all manual input. Charge your client accordingly. You are only adhering to IRS regulations by doing all the input. YOU did not cause the work. Charge the client. P.S. I think the designer of that input screen is from CO and was high when he created it!

My take from Cred65's post is that there will not be any artificial intelligence available for a reasonable (or totally correct) answer. Then again, why would we need to ask it, we have www.atxcommunity.com

How could it ruin my day when I have no idea what you just said.

You aren't considering Depreciation, on E this doesn't affect SE tax but on C it would. It isn't a passive activity so the losses would not be limited but you can't use the income to free up other passive losses. We have had a few audits on this. Self rental to your own business is NOT a passive activity. Even if the property was in a partnership with spouse. It is a nonpassive activity.

I'm in the process of selling the extreme fixer I've been living in for 16 years that's only partially fixed. Getting enough to buy a DONE house. I have been cured of my love of old houses.

This describes every single home improvement project we've taken on in our house. Every step of the way. My dream is to one day live in a house where the walls are mostly square and plumb, with studs that are 16" on center. So now, we start every room with the nuclear option, and it goes like this: Step 1: Rent a roll-off dumpster. Step 2: Get the big hammer and gut the room down to the studs and joists. Step 2b: Try not to entertain the idea of arson. Step 3: new sub floor, wiring, insulation, drywall, floor, trim. Step 4: Live in relative relative comfort for a few months, and then repeat.

It's the modern version of the Carousel of Progress (64/65 World's Fair and now Disney's Tomorrowland). Companies doing all they can to make a cheaper product, increase profits, market share, and stock price at the expense of people's jobs. I feel for all the future college graduates. So what do we do? If you have money you can invest some of it in these companies and receive the dividends for income, then if and when the market crashes use the rest of it to buy more, just like the big guys do (at the expense of the little guy). If you have no money you need to find a way to get some, hopefully legally by finding a field or building a business that a robot won't takeover. Maybe the lyrics by Zager and Evans "In the Year 2525" are not so far off.