We were planning to on selling our house our after the new construction was complete to maximize our profits.Under current law both the sell of the land and the sell of the home would qualify together for the $250/500K Capital Gains Exemption for Primary Residence Sells.Now due to the Trump tax reform change from the current 2 out of 5 years requirement to the revised 5 out of 8 year for this exemption, next year we will stuck between these two requirement since half of the transactions will have taken place prior to these reforms being passed and the other half after...............I have read no where of any kind of provision for grandfathering in any exemptions.Not sure how to handle this one but we don't want to get stuck paying taxes on the 150K profit we made.Any advise is much appreciated.Per IRS Publication 523 (page 5)"Vacant Land Next to Home If you have vacant land adjacent to the land on which your home sits, you can only claim the sale of that land as part of a sale of your home if ALL of the following are true.

We were planning to on selling our house our after the new construction was complete to maximize our profits.Under current law both the sell of the land and the sell of the home would qualify together for the $250/500K Capital Gains Exemption for Primary Residence Sells.Now due to the Trump tax reform change from the current 2 out of 5 years requirement to the revised 5 out of 8 year for this exemption, next year we will stuck between these two requirement since half of the transactions will have taken place prior to these reforms being passed and the other half after...............I have read no where of any kind of provision for grandfathering in any exemptions.Not sure how to handle this one but we don't want to get stuck paying taxes on the 150K profit we made.Any advise is much appreciated.Per IRS Publication 523 (page 5)"Vacant Land Next to Home If you have vacant land adjacent to the land on which your home sits, you can only claim the sale of that land as part of a sale of your home if ALL of the following are true.

Really appreciate it one thing that scares me is you say your lease allows electronic notices, but your lease cannot trump state law. you need to research your local tenant laws to find out what is required of you. its good that you followed up by mail, but many times you are required to use certified mail. what will you do if you get in front of  a judge and the tenant says, "I never received the letter or email." you have no proof. take this tiem to read up on local laws surrounding evictions. failure to follow proper procedures in many states can mean an extension of the time tenant is in unit, paying nothing.

Now we have the Trump messy tax revision where the 2 years out of 5 residence rule could change to 5 out of 8, which seems to guarantee that I will get hit with huge capital gains tax anyways, so now why wait to sell?

The lease simply expired and the tenant was well within his rights to vacate at that time, without giving 60 days written notice.The landlord-tenant law for the jurisdiction trumps anything you write into a lease or rental agreement.

One is install satellite dishes.2) Training new tenants that I don't come to look at the property nor do I answer the phone.You leave a vmail, text or email me and I'll reply via text/email. 3) Dealing with a couple of crazy villages that have so much red tape and so many ridiculous rules, its no wonder the average person was so fed up with govt that they voted for a bonehead like trump.4) Collections.

@Donald Shaver1.

@Donald ShaverThe math is correct if these numbers are accurate, I used the 2600 rent and got the same 11-12% CoC. 

@Vika Bha see this discussion, deals with a lot of issues:https://www.biggerpockets.com/forums/51/topics/518087-trump-tax-impact-on-investors-why-arent-we-talking-more-about-it?

., due to new Trump tax plan)?