Quote from @Martin Zitzelberger: I recently bought my first home in Thousand Oaks, CA—a huge milestone for me.

I have very little debt besides mortgages and have spent my own money doing renovation over the last few years.

This is my first deal, and since I have no experience with it.

I've been on this platform for about a year, and while I find it extremely useful, i feel as though some of the leaders in the forums are thinking too black and white and potentially shutting down excited new investor...

I would like to buy my investment property through my llc, and use the money to pay off my primary residence.

My husband & I really appreciated the bakery goods, not only because they were tasty but because they left the address for us so we could continue delighting in the offerings.

God's honest truth, so my answer would be NO. 

Here's my situation:2024:- W2 income: ~ $1M (married filing jointly in CA) LLC profit: $80K (from 2 real estate flips, in NC on spouse's name)Capital loss carryover: $380K (from stocks in 2023)In what cases can my LLC profit be treated as capital gains? 

Maybe I could leverage my other business but I don’t know the requirements for that as we do have outstanding loans already 

Plus I need to leave my folks' place at some point lol.