In the second, wouldn't the gain belongs to the estate which should owe and pay the tax, if not paid wouldn't the PA DOR make a claim against the proceeds as an asset of the estate?

Location we wanted access to the major highways and not in a "D" or "C" neighborhood. 

there is a reason its vacant.. its probably really D or F class I would think .. given how hot texas is .. not literally but in the MF space.. use extreme caution.

Not only is that too late to make it a Plan B (it will more than likely really be a Plan D or E when you compare the loses) it will be extremely more stressful of a situation than if you had plan for something like this in the beginning. 

:Dor maybe I should say someone...Not the best picture to explain your point Joe lolI believe that is Ashton Kutcher, the actor who played Steve Jobs in a movieNope this is Steve Jobs, here is the source link:https://ombrenelcielo.wordpress.com/tag/steve-jobs...Here is a side by side to notice the differences.

You might need to use Schedule D or Form 8949 to report capital losses.Consult a Tax Professional: Consult a tax professional or accountant to ensure that you are properly reporting the loan modification as a loss in accordance with IRS guidelines.Remember that tax laws and regulations can be complex and subject to change, so it's crucial to consult with a tax professional who is knowledgeable about your specific financial situation and the most current tax rules.

But if I invested in a D or F neighborhood, I may not want to.

@Linda Lovely and these are not in d or f areas.

In my opinion, somtime it is difficult to tell from a class d or a class c.

I see that some of these posts are over a year old, so @Michael D.  or