You own a home in an HOA and you rented it out to a tenant. You and your tenant are already pariahs in the community.
When you purchased the condo you accepted (by contract) the dominion of the HOA. HOAs are not democracies. You gave up many of your rights, including the right to due process...
Nah.
I went to Prescott today. It was in the high 90s.
I got back to Phoenix about 2 PM and it was 109.
Looks like rain forecast for next Thu and Fri followed by a couple days of temps closer to 100.
We're not getting any real relief until about mid-October.
I use one or two stamps a year and still have most of a roll from a few years ago.
More than just a few years ago. I think I bought my last roll of 100 for $50.
Big mistake, Gomer Pyle.
You should have just gotten the license plate number and descriptions. But, no, you just had to engage with a lunatic with predictable outcomes.
When they got overwhelmed with rapes and murders. Your problem is chump change compared to the crimes that police have to...
Overlooked your question.
Yes, it's a grantor trust.
So, if there were income, deductions, and credits, we would each address them in our personal returns?
It's a privacy issue. Convoluted but we had to keep our names off of public record. Recorded deed just in the name of the trust would have shown the trustees names.
Thanks for your help, as always - much appreciated.
Army Judge, I know all I need to know about trusts and LLCs in Arizona.
EXCEPT whether I have to file a tax return.
Which you have written nothing about. LBNOL.
Seems to me that you have a binding contract at the rate of $999 per month.
Keep that locked up in a safe place and keep copies in case you have hand one over to somebody. Don't let loose of the original.
When you next pay your rent, pay $999 and see how it goes.
My daughter and I have an LLC that owns our home. The deed is in the name of the LLC.
We have a Revocable Living Trust.
The trust is 100% owner of the LLC.
We live in the home and are not deriving any income.
Do we have to file a federal income tax return?
You signed the lease but did the landlord (or landlord's agent) also sign the lease.
In other words do you have a lease with your signature and the landlord's signature on it?
If your lease only has your signature on it, you do not have a contract that binds the landlord to the amount shown...