I believe in practice it does not actually offset the capital gains but reduces my taxable income dollar for dollar with the loss, as long as my Modified Adjusted Gross Income (MAGI) is under $150K.

Any reduction in debt or cash received might be treated as "taxable boot," potentially resulting in tax liabilities.

As for aggregate losses: Yes, any losses above your W2 income that result from the cost segregation study can be carried forward to future tax years if they exceed your current year’s taxable income.

Distribution will be considered taxable income in the year in which you take it, which likely will push you to a higher tax bracket.

If I Refi this into my personal will I create the taxable event?

You may want to research now how the country taxes different types of investments(Equity, bonds, real estate, etc)That can tell you potentially what investments to have.The issue with potentially becoming a US citizen is that they will tax you on worldwide income.Therefore, if you get the citizenship and move out of the US, you may want to see if you would be exposed to US taxes, whether you will want to move back to the US and if you want to renounce your US citizenship.I agree that if you are not sure of living in the US, you may want to avoid doing items such as having a large balance in a retirement account that may be considered taxable by another country when you retire.Best of luck

Cash flow and taxable income are separate calculations.

Now, I'm looking to venture into real estate investment for several reasons:Diversify my investment portfolioBuild generational wealthLower my taxable incomeMy Investment Criteria:Buy and Hold Strategy: I'm focused on long-term investments.Cash Flow: Not a priority for me; I don’t need the income from these properties, even in retirement.Acquisition Pace: I plan to acquire one or two properties per year.

Are this funds taxable, do I have to declare them as extra income on my taxes.

I do not want to invest in another property.Any ideas how I can reduce my 2024 taxable income?