Hey Christina- Was just curious to hear if you learned more about this and if you and your husband pulled the trigger on something yet?

Selling may trigger capital gains tax, but if you lived there for two of the last five years, you may qualify for a Section 121 exclusion.

Franklin County is a non-disclosure county which means upon sale the assessor does not get to use that to trigger a new property tax amount which is a perk.

Was just about ready to pull the trigger on one of the many courses that are offered out there, particularly Pace Morby’s, but after reading several posts full of reactions to the question “should I join and pay for a course?”

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

My primary is not ready and needs more work before I pull the trigger.

If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.

It sounds like you are just having trouble pulling the trigger. 

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Depreciation recapture is triggered when you dispose of or change the use of a depreciable asset.