Somebody bought that house at Tax Sale.   

If you are on cash accounting, yes you could do that.On the other hand, you are ignoring carry-forward losses. 

I set up tax lien as a keyword alert so I get alerted when someone mentions them.

So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. 

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes. 

Home went to tax sale county kept excess proceeds.

We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.