If you live in a property as your primary residence for 2 of the previous 5 years, your gains are exempt from taxation (up to a certain limit -- $250K or 500K).

Isn't that taxation of internet traffic?

So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...

I looked around but did not see anything specific regarding the order of taxation. 

I received a notice from the Division of Assessment & Taxation regarding the recent transaction and the sales value of my recent purchase.

The seller is open to owner financing due to not having to pay all of the capital gains tax at once, but rather pay it over the life of the loan to me.I would essentially be leading him to believe that he would be able to pay the taxes over a period of 10 years, and then turn around and force him to pay the taxes in full 6-12 months later when I refinance.

The goal is to set up an investment structure that optimizes the level of taxation given the aforementioned context.

Apparently, we may be able to lower it depending on the taxation treaties our countries have with the US (I have a Belgian and British passport, so need to do some digging)With that in mind, if I end up owning a number of rental properties across the country, which state am I best off putting my LLC in?

I'm not sure that's true, as LLCs are subject to pass through taxation. 

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