They just fully recovered from their COVID struggles by exiting Chapter 11 in April, and changed CEO's bringing on the former Brookfield Properties retail real estate unit's CEO.

Also any losses from Y will flow into Parent Holding X for tax purposes and such losses will be adjusted towards active income.7) Use a revocable trust to replace us in the ownership chain to avoid probate issues and easy inheritance to our kids.

I have literally lost thousands of dollars - so much passive activity loss that can pushed forward on my taxes.

It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.

Even though I don't think there's a way to get out of this without taking some sort of loss.    

@Peter Mckernan @Mark Frattini@Allen Tracy @Katie L. also looking for a RE-savvy CPA in California who can work with me to execute the STR strategy to offset W2 income with losses from a cost seg study I'm conducting.

If I go with the 5900 policy I will be operating at a loss and I will be forced to sell the house. 

Also, you are buying property at a loss from Mom.

I've gotten Proper insurance in Palm Bay for building, liability, loss of income, etc. for around $2800 WITHOUT wind and paired that with a wind-only policy for also around $2500.

You may have current or prior years losses that would offset some of your capital gains.