Not sure about California tax, but if you have lived in the house for 2 years of the last 5 you will not have the cap gains tax federally.

If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.

The IRS treats single-member LLCs as disregarded entities, meaning they are not separate from you for federal tax purposes.

LLC Partnership Tax FilingFor an LLC partnership:- The LLC itself doesn’t pay federal income tax.

This is from navigatehousing.com: "According to OMB’s guidance, any program that provides direct benefits to individuals is not subject to the federal funding pause.

In 1982 the US Supreme Court went the other way in Fidelity Federal v.

Net Sale - This is the contract price, minus the closing costs and commissions.Net sale - adjust cost basis = net gainOnce you figure out what your net gain is then you can subtract state and federal taxes from that figure.

Mortgage rates remain above 7% as the Federal Reserve maintains its cautious stance on inflation.

So you get to deal with that for the next 5 years while the city, the county, the state, the federal government, and all the political wannabes get all the enviornmental issues sorted out.Of course there are and will be exceptions of properties in between those two situations, but not everyone and maybe even a small fraction will probably try to solve their problem based on the law you quote.That is my guess. 

Employment Verification ProceduresSenate Bill 508 prevents employers from imposing work authorization verification requirements beyond those mandated by federal law.