Investors & landlords

luckily I have been filing my SC returns! I just don't think they're going to change related to this since this is not SC income. I have to see if there's a way to just download the individual returns and not the whole bundle. I haven't had to pay SC anything yet. Still riding the covid loss on the SC property! This is the first year where I think we'll owe on that.

 

How does the IRS know if a family member officially  rented vs vacant, or non- family member rent for less than FMV?

 

Def going to try to talk to an accountant. I'm still confused on the 1031 part. Don't care too much about the depreciation etc as long as I can do the 1031. I'll just kick the can down the road as far as recapturing depreciation I should have taken or not.