Make sure you leave that new LLC as a disregarded entity, or if you bring investors on with you, make sure it’s taxed as a partnership (subject to Subchapter K).The only way to mitigate cap gains would be if the property appraised very close to its net tax basis.The other strategy at your disposal is to dissolve the S-Corp in the same year (though you really need to be in-line with your CPA on this one)… you should have more tax basis post- deemed sale, and that basis would help you achieve a capital loss on dissolution of your corporation.Talk to your CPA my friend!!

Gains through crypto felt uncertain to me but still had a draw, so I decided I wouldn't use more than 5% of my disposable income to gamble (whether on leveraged index funds like QLD or crypto).

There is so much material at your disposal for doing due diligence into a neighborhood online.

If you're investing blind then you have a multiple of disposable income or have no fear of loss.

How much disposable income do you have right now?

See "Renting Part of Property" in IRS Publication 527:https://www.irs.gov/publications/p527#en_US_2023_publink1000... this situation, you have not disposed of Property A.

Please let me know of any contacts that you might have at your disposal.

.- Personal savings rate as a percentage of disposable income is very low (3.6%)- Unemployment is very lowMarkets don't stay ecstatic or suppressed forever.

Hence I think the results are obviously biased but it shows you there are many roads to Rome or millionaire-hood.... some people do it nice and steady without debt, and some use all of the tools at their disposal.

The other issue is that these same tenants smoke, not on the property, but they put the butts in a can on the wooden porch and then dispose of them - gross really - anyway, Ontario is going the way of BC more and more - very tenant-friendly.