@Ting Liu Since the building and loan were in your name, the IRS considers you the sole owner for tax purposes, meaning you’re responsible for the full capital gains tax.

The IRS does not allow you to deduct what would have been rental income as a loss just because you are staying there, even for business purposes.

No fear of the Big bad IRS wolf coming knocking for a pair trail? 

Let's hop on a call sometime this week 

The IRS looks at your situation on a year-by-year basis.

Look at irs section 121.

So we are not in agreement.I sent this to my tax accountant https://www.investopedia.com/terms/p/passiveincome.asp.She sent the IRS link to me https://www.irs.gov/pub/irs-pdf/p925.pdfI wonder how your tax accountant treat your private lending interest?

IRS doesn’t like that.

Hello MP, To answer your question: Yes, in a divorce, the IRS allows for tax-free transfers of IRA assets, including those in a Self-Directed IRA (SDIRA), if the transfer is specifically outlined in the divorce decree.

Does the IRS demand consistent tax treatment?