I'm in the market for entity config and tax planning/prep.

There are less taxes in Alberta too.

What paperwork should I keep a paper trail of to make things like taxes and other situations better/easier for myself?

Bigger Pockets is a great place to find a tax accountant that specializes in real estate taxation.

About 90k that will be taxed at 40% if I take it now.

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat  Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?

If you use a urinal at a Cleveland Cavaliers game go ahead and place a business card on top of the urinal.Wear a name tag everywhere you goGet a name tag that says Realtor with your name underneath it.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete. 

Do you have a current need for that cash flow generated from the tax savings?