There are many ways to avoid taxes, so nobody can give you a complete answer without knowing your entire tax situation.If your only taxable item was selling this condo, you would owe long-term capital gains on the $150,000 plus ordinary income on depreciation recapture.

In addition to appreciation potential, there are a bunch of tax benefits to consider as well... my favorite being that a tax loss can be carried forward to offset future taxable income.

This significantly accelerates the depreciation schedule leading to larger deductions in the beginning years of the assets, reducing your taxable income and increasing your cash flow.

I make money in different ways and my personal taxable income was about $150k in 2022 ($30k of that was W-2) and 290k in 2023 (150k of that was W2s).

you get mortgage paydown every month; you might be able to reduce your taxable income from your W2 with passive losses (consult your CPA); hopefully you get appreciation; maybe you get a little cash flow; etc. 

But the 2 of 5 rule for excluding up to $500,000 in taxable gains might (we don't know how long you have owned it.)We also don't know your equity position in the property, or how much you are thinking to taking out of it.  

Did the Cap-Ex on the triplex affect your taxable income?

Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. 

Their policy may or may not require a certified 3rd party appraisal for any taxable event such as a distribution in kind.Current valuation is all that matters here. 

It's neither quick nor easy, but it is life-changing and thus worth it.Flipping and wholesaling is NOT investing, it's a job and it is transactional and the profits (if any) are highly taxable income.