Readers should seek professional advice.

I don't qualify as a real estate professional. 

. - The main question here is do you qualify as a real estate professional according to the tax code.

Readers should seek professional advice.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

So this is a tricky thing.Accountant's / CPA / Professionals who get paid based on their knowledge and time normally do provide a 'free consulting' call to have a chat with them.However, please be mindful that the 'free consulting' most firms offer is very high level and moreso to see if you both would be a good fit for eachother.Sometimes, these calls are done by the owner(if its a smaller firm) or business development  professionals if the firm is larger.1800-Accountants is a large firm so you are likely first vetted by a non accountant whose main job is to get the sale.Best of luck.

Owners have options to use their preferred contractors or OneRent's contractors (handyman charges $65/hour).They screen tenants as 2.5x income/rent, and do 6 months walk through check.It sounds a professional management way. 

It might be helpful to build a network of trusted professionals.

Hope tax professionals or experienced people can give some suggestion.Thanks!

If you’re investing in an area with new employers, infrastructure, or young professionals, demand could stay strong even if current listings are stagnant.4.