(I don’t do STR deals so my comments are more about long term buy and hold residential RE.)Data by its nature is historical - it’s a lagging indicator. 4 years ago the Southeast was the place to be.

Notice, many of these apply to corporations only, not LLCs.  

This applies even if the expense occurred before renting out your first property.This post does not create a CPA-Client relationship.

I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified intermediary says they will not confirm the IRS notice applies or whether the 45 day date they gave me is overridden by the notice.

@Bruce Woodruff You’ve captured the unpredictable nature of real estate perfectly!

There are limited exceptions for properties that were recently purchased but it does not sound like that applies to your situation.

This is only good for 1 year and only applies to fix and flip.

Please study engineering and you’ll have more of a grasp of why measuring amperes (electricity) or volume (water or natural gas) lends itself to reasonable precision.  

@Howard Cheng, Qualified and non-qualified use only applies to the period of time you owned your replacement property (the converted property). 

However:Capital gains taxes can be minimized through deductions like rehab expenses, holding costs, and agent fees.Alternatively, if you decide to keep the Mooresville house and rent it out, you could potentially defer capital gains taxes through a 1031 exchange, but this only applies to investment properties (not primary residences).