Since you're a cash basis taxpayer, I think the rule is that you can deduct the full amount.

For example, going to college, first job,  getting married, having children, HELL changing careers at age 50, and obtaining a master's degree.I have a 6 flat and 3 tenants at the same time are being evicted.

I think pre-approval letter is all that’s needed to prove you are a qualified buyer.They probably want info such as, are you married with kids, how many bedrooms you looking for etc.

Hello everyone,I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.I have a pending income tax payment of approximately $200K for the year 2023, due by September 10. 

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Since you’re not planning to live in the property as your primary residence for at least two out of the five previous years, you won’t be able to exclude up to $250,000 (if single) or $500,000 (if married) from the gain on the sale of the property.

Now, if you get married and have kids, then the plan gets tougher.

My ex still refused to provide financial documents so I could file on my end correctly in 2022/2023 while still legally married.  

My wife and I fell so much in love with the area that we got married down here at Callawassie Island.

Especially in high priced markets were married couple gets that 500k tax free.. do that a few times in your life that will make you more money than most rentals at 200.00 a month cash flow.