The other $272k is now taxable, all thanks to moving back in.

You exchange it for property B, in a partially taxable exchange. $50k of your gain is taxable.

Repair expenses are non-exchange expenses and payment with exchange funds results in taxable income to the exchanger."

That means you can realize a cash flow loss, but have taxable income. 

For years, I knew that I did not want to stay in the Northeast but up until now I haven't felt like I was ready or had a good excuse to take the plunge and move.I have been reducing the amount of "stuff" in my life for years to the point where I can now fit everything that I own in (or on) my 2011 Honda Fit.I have paid off all of my debt, have over 6 months of my current spending in cash, and have a current NW around $282k with $120k of that in a taxable account.I have a stable job as a Data Analyst that I have been working remote with since the pandemic hit.I am single with no children or pets (but do have 2 small house plants)I love walking, cycling, mountain biking, snowboarding, kayaking, hiking... basically all things active and outdoors.I like to reduce the amount of my personal consumption and focus on the important things in life such as my relationships, health, and finances.I am that guy in the neighborhood that always walks or bikes everywhere although I have a great car parked in the driveway.Anyway, a good friend of mine asked what I thought about moving out west with him.

But in general contributing assets into an LLC in exchange for membership interest is not a taxable event. 

They will be uncapped and increase after a sale.Michigan has some of the most complicated property taxes in the US.First, Michigan uses the State Equalized Value (SEV) to determine INITIAL Taxable Value.

Yes you can if you meet the requirements.If you are not a real estate professional, the passive activity losses (PALs) generally are deductible only (1) against income from passive activities, (2) when the entire interest in a passive activity is disposed of in a taxable transaction, or (3) under the $25,000 rental loss privilege for qualified rental activities (subject to the $100,000 AGI phase-out).The general is a rule allowing up to $25,000 of active participation(see below) rental real estate losses as a deduction against nonpassive income.The taxpayer must make management decisions with regard to the property, have at least a 10% ownership share in the property, and the cannot be a limited partner.

Continue saving in a taxable account and contribute to your children's education plan (if applicable)In general, us in the FIRE community believe in growing your savings rate (the gap between your income and expenses) to 50% or more.

Our structure works best for LLC/LP's that have taxable income in the 750k - $5MM range and can generate up to $500,000 of working capital per year and can increase returns by 25% based on $1MM of EBIT.Structure is ideal fora) Existing small businesses with Taxable Income of at least $1MMb) Acquirers who are open to adding a non-voting minority partnerc) Lenders looking to increase Working Capital Flexibility and Get Greater TurnsFeel free to inquire for greater detail and includea) Your current status (from a,b,c above)b) If existing business - what was 2018, 2019 and 2020 taxable incomec) current structure ( LLC,LP)Finally, this is not for start-ups or companies that are not currently profitable, so kindly only send inquiries if your entity has taxable income at or near 7 figures