I’m far better than most Americans at understanding Indian or UAE “english”.

My question is would the long term capital gain be based on the 15% long term capital gains rates since it's held in an LLC instead of ordinary income rates of 35%?    

My husband is American so I'm hoping this will be in our favour.

It is inventory and you will be taxed at the wonderful rate all flippers receive- ordinary income!

We have it under contract for $2.5M in 3 months since we closed on the second apt.We will plan to do another 1031 on the sale, but if you in case we are not able to find another property to exchange into, what will be the tax rate, is it going to be ordinary income?

My father is from the Dominican Republic and a resident and my mother is Mexican-American, and I would not want someone to discriminate against them.

To impute a more accurate value to the paintings that never sell or sell less frequently, our methodology uses what we know about how rapidly the paintings that sell have appreciated, and how often they are sold.Our model allows us to look at five different styles of painting, including Post-War and Contemporary, Impressionist and Modern, Old Masters, American, and 19th-Century European.

If your ordinary income rate is at the 15% bracket you pay no capital gains taxes anyways, so a 1031 exchange would be unnecessary. https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx

***Quicken Loans is offering qualified Americans the opportunity to purchase homes for 1%* down.

As a non-resident (Canadian or American, same rules) with property in Canada that you are renting out there are a few rules.* You are not allowed to collect the rent yourself, a resident of Canada must do it.