If this amount is less than or equal to the maximum §121 capital gains exclusion amount for your filing status, then there is no capital gains tax on your sale profit due to appreciation. 

I will give you a perfect example why agents are not on your side even if exclusively represent you.

I currently have an investment property I'm considering selling. I purchased for 250k several years ago and have received unsolicited offers of up to 400k. I am considering selling to lock in my gain and using a 1031 ...

Clark Kahawaii At one point the section 121 exclusion was being re-evaluated.

Wouldn't the K-1 be based exclusively with my investment in the property itself and thus would be created by the GP completely independently?

I am aware of the tax disadvantages, irs 121 capital gains exclusion when selling.

@Catherine Aubale Epstein has built a portfolio in Nashville, and knows the market well, and works with out of town investors almost exclusively!

I live a block from downtown Dartmouth and it's been interesting to see exclusive listings with sold signs pop up out of the blue, as well as homes going over asking. 

To take a home office deduction, you have to have a separate room or area of the house which is used exclusively for your real estate activity. 

But we have been burned before giving exclusivity and having brokers park our listing with broker making zero effort.We also have seen the issue with numerous brokers local to us, that they do not want to co-broker a deal.