Basics Of Cost BasisTo further understand basis adjustment at death, we should first explore asset basis treatment during an owner’s lifetime.

Lipstick treatment plus full basement and master bathroom remodel.

Multi-treatment where necessary on the concrete slab, as well as in the master bathroom, which was a bird catch.

My father, who was also a real estate investor, left me this after his passing from cancer in 2017.

Hi Alex,You're right that what you do with the sale profits (like paying off another loan) doesn’t impact your capital gains tax treatment.

My quintessential mountain cabin will include comfortable leather furnishings, wood for the fireplace, big coffee mugs, plaid window treatments and/or bedding, extra blankets, and taxidermy hangings.  

As long as your intentions to hold onto the property for investment use are met, It would qualify for 1031 treatment.

The family we guaranteed rent to on their existing home, giving them the flexibility to buy with a partner builder and move out of state to be closer to the best treatment facilities when faced with a difficult diagnosis.10.

So now you know it may be worth it to consider a better grade cathode, or water filter/ treatment. 

Can anyone verify the tax treatment as of today that a gain from owner occupant unit is applicable for Sec 121 exclusion, and a gain from rental unit is applicable for 1031 exchange?