., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

I also have $50K in a taxable brokerage account and another $20K in an HSA which will continue to grow.The main part of my portfolio I have been working to grow is my real estate portfolio.

Do you know your actual amount of taxable profit on the flip?

UBTI exposure is not impacted in any way by a Solo 401(k), thus my clarification.There are 3 layers of alphabet soup here:Tax on UBTI  (unrelated business taxable income) is generated when a tax exempt entity engages in a trade or business on a regular or repeated basis. 

My prior assumption was, the taxable value of this house will be set to $800k.

@Jake Faris Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, These costs are not immediately deductible.

While you likely won’t owe taxes due to the loss, filing is still required since the rental property is located in Missouri.Kansas (KS): As a Kansas resident, report the rental loss on your KS state return (KS-40) since Kansas taxes your worldwide income, including out-of-state rental activity.Tax Impact: The rental loss reduces your federal taxable income and may lower your overall state tax liability.

At 5.6% ownership, I would expect to make approximately $900k = ($27m - $11m) * 5.6%.I expect my taxable gains to be approzimately $336k = ($27m - $21m) * 5.6% Does this sound right?

Long term money, you could invest into a taxable account so you have access to it whenever you want.

You can lower your taxable liability for 2024 while boosting your retirement savings.You have to do this BEFORE you file your taxes.Contribute up to 25% or $66k into a SEP IRA.Have you looked into this yet?