Who cares if I pay 8% income tax at double the wages.

While looking into the Denver Property Taxation and Assessment System, I noticed that the newest estimated Market Value of my condo is well below what I paid (20% lower). 

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

Mike, there are 20+ accountants on this site that specialize in real estate taxation.

@Daniel JonesIf you're comfortable working with your accountant remotely there are 20+ accountants on this site that specialize in real estate taxation.

As far as the taxes go, I didn't even consider the change in taxation for owner occupied or not.

(https://www.accountingtoday.com/articles/bidens-775b-plan-paid-with-real-estate-taxes)Biden's plan would also eliminate capital gains tax rates for those making over $1 million and subject that income to tax at the former top ordinary income bracket of 39.6%: As President, Biden will roll back the Trump rate cut for the very wealthy and restore the 39.6% top rate he helped restore when he negotiated an end to the Bush tax cuts for the wealthy in 2012.

It's not about not paying tax at this moment. 

There are 20+ accountants on this site that specialize in real estate taxation.

Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate.  I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house.  The restaurant I was...