If you still have it, spend it with a strategic deduction in mind to offset the tax liability.

@Jd Martin - We are hoping to come up with some sort of strategic compromise if we have to.

I'm want to hear the success stories of others in my situation because I'd like to strategically invest in real estate from abroad.

I am very new to the real estate world, but I have been consuming anything and every bit of content I can get my hands on. At this point, with a pretty good awareness of my (tiny) local market, I know with certainty t...

I'd convert to a Roth 401 strategically,  depending on my income for that year and the market. 

Let's connect, I can definitely explain the Columbus market better and how you can strategize to obtain your desired ROI. 

If you're not using financing and instead are coming out of pocket for the full purchase price...THEN I'd strongly encourage you to reconsider and instead strategically use a loan to get other property.Exit

Do you have extended coverage like Windstorm, Hurricane and Hail, Explosion, Aircraft and Vehicles, Riot and Civil Commotion?

I've known others very successful with more leverage than me in CA, and they all had respect for its power (to do both good and harm) and were strategically smart about when, how, and how much to apply even though their comfort level was a bit higher for it than mine ... these folks would rather end up with a larger portfolio of levered up assets where as I would like to retire with a smaller portfolio of free and clear, high quality, easy to manage assets that pump out cash for me consistently and with enough margin where I can sleep well at night and continue to save and invest if I choose, and we can both succeed with these different strategies.

This can be strategically structured to put the seller in an advantageous tax position.