Any amount you purchase less than what you sell or any amount of cash you pull out is treated as gain by the IRS and you pay tax on it. 

Generally, you're not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home. " The above is directly from the IRS website.

Exchanging an investment property to a primary residence is not considered a like-kind exchange in the eyes of the IRS.

The IRS has a $2500 safe harbor provision allowing 100% write off. 

@Nahal BeckamEvery lender we use requires the ss-4 form (that's the letter from the IRS that lets you know what your EIN number is) to be included with the entity docs without regard to the number of members in the LLC. 

What are your thoughts about the Opportunity Zones, now that the IRS has defined the benefits.

@Jeff CaravalhoFor guidance on storing requirements See IRS Private Letter Ruling 200217059 

Even if you rent out rooms, the county and the IRS considers it an owner-occupied primary residence.

If you will sell it under your own name, reporting it as a sale made by the LLC/S-corp is tricky and may create some IRS issues down the road, as the IRS computer will expect this sale to show up on your personal taxes, not on the corporate.Now, timing.I'm not sure if you can even close this week, but if you can, you probably should.

Was I supposed to be paying quarterly taxes to the IRS from the time I made a profit in 2018?