I don't have my CPA, and I want nothing to do with tax prep.

I know the tax hit isn’t ideal, but I’m wondering if the long-term cash flow benefits outweigh the opportunity cost.

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

I'm also a realtor. with the real estate professional tax status.

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

As long as you filed joint taxes you would be fine.)

@Devakumar Sai Chinthala There are income limitations for passive losses, you should check with your tax professional.What will the property taxes increase to after you buy the property?

This means the $80K LLC profit is subject to both ordinary income tax and self-employment tax (15.3%), regardless of your high W-2 income or capital loss carryover.

Once you convert the former investment property to your primary residence you will then start to convert a proration of the gain from tax-deferred to tax free (according to the number of years it was rented/lived in). 

Let’s talk specifics.Part 2: 3 Ways I’m Going to Make Money in a Trump Economy (3:30 - 7:00)Now that we know what’s coming, let’s talk about where the money is moving—and how I’m going to capitalize.🔥 #1: Real Estate is About to Explode AgainTrump is a real estate guy—he’s going to bring back policies that favor investors.I’m calling it now: 100% Bonus Depreciation is coming back—and it’ll be retroactive.That means massive tax write-offs for real estate investors, making syndications, funds, and commercial properties even more attractive.Trump will push for more Opportunity Zones, making it easier to defer and reduce capital gains taxes by investing in real estate.Lower regulation = Easier development, faster approvals, and more investor-friendly lending.💰 What am I doing?