@Steve C.Does the current accountant you have specialize in real estate taxation?

Using LLC (partnership or disregarded entity) is usually tax neutral. in fact they don't pay tax at all, their members do. 

Hi, new to BiggerPockets and was not sure where to post this. I am trying to sell a house for my parents in New Jersey who are not citizens of the United States. I am the durable power of attorney and am a citizen. Th...

However, be aware that you will face double taxation.

@Tamiel KenneyeQRP is simply another name for a Solo 401(k) plan.This thread is specifically about an existing Roth IRA, which cannot be rolled over to a Solo 401(k).That said, for certain investors who have qualifying self-employment, the Solo 401(k) can provide advantages in terms of higher contribution limits, strong Roth features in addition to tax-deferred savings, and the elimination of taxation on UDFI generated from debt-financed real estate.

@Steve KirschYou may need to file a non-resident state tax return if you have an investment property located outside of your resident state.States try to avoid double-taxation by providing you a credit for taxes paid to another state.However, rental properties may calculate a tax loss which does not require a tax being paid to the other state.

Be ready to smile and pay the tax at that point.As an aside, why don't you 1031 into some adjacent property and then farm it all using the proceeds and scale to help your parents out?  

You could sit tight in your current prop for 8 more months, use the Sec 121 exemption on the sale of that prop (B), and sell A via 1031 exchange to defer taxation and keep all your capital working for you.

Assuming you and your wife lived in the house for at least 2 years before vacating and renting you won't have to pay any capital gains tax at sale. 

This allows you to defer taxation until whenever you sell the next property, which could be 1031 exchanged again.