This is separate from the tax treatment of the insurance proceeds.Your CPA's suggestion of not doing a partial disposition and instead offsetting the insurance proceeds with the cost of the new roof might be less favorable in terms of tax planning.

I thought If the 10-year holding period is satisfied, all appreciation in the QOF, including any depreciation recapture, is eligible for tax-free treatment.

Basics Of Cost BasisTo further understand basis adjustment at death, we should first explore asset basis treatment during an owner’s lifetime.

Lipstick treatment plus full basement and master bathroom remodel.

Multi-treatment where necessary on the concrete slab, as well as in the master bathroom, which was a bird catch.

Hi Alex,You're right that what you do with the sale profits (like paying off another loan) doesn’t impact your capital gains tax treatment.

As long as your intentions to hold onto the property for investment use are met, It would qualify for 1031 treatment.

My quintessential mountain cabin will include comfortable leather furnishings, wood for the fireplace, big coffee mugs, plaid window treatments and/or bedding, extra blankets, and taxidermy hangings.  

The family we guaranteed rent to on their existing home, giving them the flexibility to buy with a partner builder and move out of state to be closer to the best treatment facilities when faced with a difficult diagnosis.10.

So now you know it may be worth it to consider a better grade cathode, or water filter/ treatment.