Which is why RE taxation is so confusing for y'all and so profitable for us accountants. :)Warning: I'm taking some liberties with the terminology, for the sake of clarity.1.

You really need someone who knows CA law and taxation to advise you on that. 

Ok...  I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory.  I am selling because I moved out...

Hi guys, I am a new investor looking to invest in US and I am interested in understanding how I will be taxed when I start investing there. I have researched and everything but I still do not have a clear view of the ...

It's an insane system of random subjective drive-by taxation.

You can also go to an 'ENROLLED AGENT who in my opinion is the best place to go regarding taxation. 

You didn't go into real estate to be burdened down with all the back-office/no value-add tasks such as tax preparation.With that said - there are many accountants on this messageboard who specialize in real estate taxation and capable of helping you.

You open yourself to more accountants who specialize in real estate taxation if you are open to the idea.

You will be credited by the seller for the property tax at closing (they will pay what they owe to date).

@John Thedford,401k is a tax-deferred vehicle, income and gains from investments would not be subject to taxation, unless the income is UBTI (Unrelated Business Taxable Income), which in turn would be subject to UBIT.