Trying to pay the least amount of taxes legally possible. 

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.

I haven't lived in it long enough to be exempt from capital gains, good point on that.

Net Sale - Is the contract price, minus the closing costs and commissions.adjust cost basis - net sale = net gainYour gain is made up of profit and depreciation recapture.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.

We kept and rented our primary residence for three years before selling it (and we didn't have to pay capital gains taxes).Thanks!

This is something their screening probably would have caught, or their system would have a legal procedure to deal with it.

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