Upon sale, gains are taxed as long-term capital gains, calculated as the sale proceeds minus your adjusted basis (initial investment reduced by any return of capital).

If you do so - 100% of the cash converted is taxable.

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

My questions are;Do I have to take expenses as a deduction in a year in which they occurred even if I do not get income until the following year  I have other rental property, but my taxable income on them after expenses is only gonna be about $5000 So is there anyway to roll over expenses to the next year since I cannot deduct the remaining 15,000 and expenses against my W-2 income?

This would allow you to access some cash for other purposes ( Tax Free) because a refinance is not a taxable event.

We are frequent users of the Rental Property Calculator and have found a few promising leads thus far but also know that is just the beginning of the process.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Hi,New to BiggerPockets.  I have a few lots in New Orleans and am looking to run  profitability analysis of sfr 3/2 development v. one zoned as duplex.  What are the best Bigger Pockets tools to use for profitability ...