Capital Gains - Longer term planning...low income.

[Pixel Rogue]

We have a few investment properties for several years. One in personal name, others in disregarded LLCs. Thinking through different exit strategies which include 1031s (traditional,) outright sales, switches into over vehicles (ie. funds such as Realty Mogul, QOFs, MAS that work w/1031s) etc.

One scenario, overly simplistic in my mind and thinking something obvious might be getting overlooked, is pane low income.

Lets say my wife and I save up funds and suddenly retire at the same time, where we would have zero w2 income and other income sources (ie. rental income) would be below the 2022 married filing jointly limit of $83 350 - would this then mean we could sell an investment property we had for over a year and incur 0 capital gains? Would this then also result little impact from recaptured depreciation as a result?  Given the other properties are set up as disregarded LLCs, where income rolls up to personal income, would this scenario also apply in the same way for selling investment properties from our various LLCs?