In theory, you would only hit the maximum SS amount (possibly SDI depending on your state).I think the bigger question is: did someone advise you on making an S-Election for a rental property?? 

However, during an HOA board interview, I was informed by the HOA president about an impending $40,000 assessment per unit for major renovations.

@Carlos Ptriawan it is thought he may be selling some Apple because he thinks if Biden is elected capital gains tax will go up and he can take advantage of lower gains now.

These passive sydications should generate passive losses for most people, those exceptions being folks who qualify for REPS AND are properly participating in and electing the rental activity 

Alabama is a great state for aerospace manufacturing and we are proud to produce America's next rocket engine right here in Rocket City," Robert Meyerson, President of Blue Origin, said in a statement.

I love learning and talking about Investing so much that I've taken it upon myself to serve as the President of our University's Investment Club.

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

It's like telling your child "you can become anything you want president, astronaut,.."

How the new property gets depreciated after a 1031 depends on whether you elected to keep your old schedule after your Exchange. 

The REPS-9 election prohibits grouping short-term and long-term rentals, emphasizing the need for careful strategic planning.