However, you could convert the rental property into your primary residence, live there for at least two years, and qualify for the Section 121 exclusion to avoid up to $250K (single) or $500K (married) in capital gains, though depreciation recapture remains taxable.

This is good news due to future increases in Taxable Values being capped:)@Nicolas Munoz The City of Detroit offers many 2-4 unit properties, allowing an owner to live in one unit and rent out the rest.

Insurance Proceeds and Taxability: The insurance payout you receive is not "free money."

This helps bypass taxable events of selling Crypto and realizing profit while also giving you the opportunity to access capital for whatever you need. 

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

The joke used to be that you needed to wait only long enough to put one pen down and pick up the other pen.A refinance is not a taxable event. 

Insurance payout is not a taxable event.

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

Yes, you can generally use suspended PALs from other properties to offset gains when you fully dispose of a property in a taxable transaction.

You can NEVER personally use, work on manage the properties until you take them out of your retirement account, or your ENTIRE account is considered taxable.