But of course we're still waiting for official IRS guidance on this point.However, you may not be able to take the full 20% QBI deduction if you are single with expected taxable income over $157,500 or if you are married with expected taxable income over $315,000. 

That termination would then create significant issues.The IRA files a form 990-T to report its net income/loss only if there is UDFI (Unrelated Debt Financed Income) or if there is UBTI Unrelated Business Taxable Income.

This should be similar until the depreciation part...1) My understanding is that if you sell at a loss you can apply the loss in the following ways:-reduce your taxable income by 3k starting with the year you sell and can carry over to future years until you completely apply the loss.  

My LLC's taxable operating months will be Oct 2016 - Dec 2016 for this year.

We (my wife and I) are about to put a property on the market, and we will end up with a lot of taxable income, so we are planning to see if a 1031 works.

Personally, I find myself using my savings account to reinvest in real estate, unless a tax planning strategy tells me otherwise (there are many retirement strategies that help reduce taxable income while freeing our cash to invest in more deals). 

Make sure you are customer oriented and service centric.If you are trying to offset your taxable income, that is a strategy you should discuss with a CPA or tax attorney.

Now if you incur other expenses those will lower the taxable income.

And remember, that taxable portion will be reduced by interest, depreciation and other expenses...and the first $1,000 of UBIT income is exempt.

It’s best to do some tax planning ahead of time to insure you have the proper accounts set up to reduce taxable income as much as possible.