This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

This allows for deferral of capital gains taxes until December 31, 2026, with potential reductions in the taxable amount if held long-term.

My sales and acquisitions in a slow year yield roughly $350,000, with potential earnings exceeding $500,000 in taxable income.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

I also have a taxable brokerage of about $50K that I try not to touch just incase of emergencies. 

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

When everyone gets out, usually looking for a another deal to offset the taxable gains.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year...