Check with a tax professional, but if you have lived in the home for 2 of the previous 5 years, you may not owe any capital gains tax, and so a 1031 is irrelevant.If you didn't you may want to wait.If you do go ahead, read about 'mortgage boot'.

I have emailed my accountant to see if his software has me tagged as such and that is why the huge discrepancy between what I thought I would owe vs what he came up with.

Let's talk about leveraging tax strategies to optimize your real estate investments.

I have bought properties by signing a lease option where I took control over the property, made the needed repairs, and then got it financed to cover my cost and what I owed.

Came across the real estate professional status which could help her in convincing her to let go of her w2 (with tax savings).

do we pay a transfer tax? 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

What rate is passive income taxed at?

Your responsibility to defer all tax is to purchase at least as much as your net sale (70% of the total net sales price) and to use all of your net proceeds to do that (70% of the total net proceeds).How you accomplish that and with how much debt is totally up to you

Any insight into Tax liens and deed sales in Louisiana is appriciated.Thanks!