I calculated the accumulated depreciation (recapture), closing costs, capital improvements, original cash outlay, etc to arrive at current tax basis and to the rough net gain of $50,000.For the sake of understanding the specific question regarding the cash boot, let's assume my net gain estimate of $50,000 is correct.I have engaged a QI for this exchange and they won't provide any guidance outside of "contact a CPA" which is everyone's favorite answer.  

One of my favorites!

If you want to pick flooring, paint colors, landscaping, be involved with vetting tenants and changing contracts, setting rent, etc--you should do it yourself! 

Hi, just put a new kitchen in an apartment,  I hired the contractor to install the  new cabinet handles,  I came to check out what he did after I already paid him and I saw that he basically made a hole in the wrong spot and then he just filled it in with some filler he did do it with  the same color but it's a brand new cabinet door... 

"My housing plan will give a $15,000 tax credit to first-time home-buyers, expand affordable housing, and reverse President Trump’s efforts to gut fair housing enforcement.We're going to remove the barriers to homeownership that hold back too many Americans of color."

Get a simple contract stating what will be painted, in exactly what color scheme with which paint and in what sheen. 

This is from one of my favorite commentatorshttps://alhambrapartners.com/2020/07/28/strike-1-gold-strike-2-dollar-strike-3-inflation-expectations/

What are some of your favorite daily subscriptions?

Unless they’re falling apart, I wouldn’t replace cabinets.I would 100% paint an updated and neutral color in the house.

Besides concerns about our livelihood during COVID (I’m still employed/spouse was furloughed) we’re both concerned about moving somewhere where we’re the only faces of color.