I interpret that as fair market value or what the market will pay.

You are not FORCED to buy a rent regulated building.If I am misunderstanding please correct me, but my interpretation is that any city, town or village within the state of NY can "opt in" to Rent Control at any time.So, when you say buying a RC building is a "choice" - I don't think that's accurate, since ANY municipality can opt in henceforth. 

@Shaun FutchYou are correct in that you may have more than one VA loan at a time, but you are incorrect in your interpretation of how the entitlement works.

@Adam Feick That is how I interpret that law.

Watch things over time and you'll start being able to interpret them.

Regardless of your interpretation or “logic” with GAAP accounting....

I just came across a lien note with the following language “Prepayments will be applied to installments on the last maturing principal, and interest on that prepaid principal will immediately cease to accrue.”I had a few people look at this and got 2 different interpretations so casting a wider net for consensus and feedback.

(You May want to massage this as it may be interpreted as no lawn mowing required either “Please continue to bring to my attention any required maintenance by submitting a brief description and pictures to _____@ myemailaddy.com so we can both ensure your home remains as lovely as it was the day you viewed it!

Based on my interpretation of IRS Pub 523 and how long we lived in the house (~180 days looking back 5 years from a Sept 2019 sale) we would still get to exclude the full amount on the VA home (50% of $500k = $250k and that's less than the $80 or $90k we will walk away with).One thing is clear....I need to talk to a CPA pretty quickly!

What matters is what's in the Internal Revenue Code and Treasury guidance, not personal interpretation of words and semantics.It doesn't really matter, but I agree with the position that cryptocurrency is not a security.