Of course you have the section 121 exemption, tax Free, up to $250k single, $500k married.....for a primary residence, occupied as such for at least 2 years, assuming it was always your primary residence since you’ve owned it....if not, a proration will apply. 

The trust tax rates that apply to a tax exempt entity such as an IRA can reach 37%.  

@Jim,If you are in the process of setting up a plan, your plan provider should be able to help you with these issues.A Solo 401k is exempt from UDFI taxation on debt-financed real estate, regardless of whether Roth or tax-deferred funds are used.The IRS will want to make sure that there is no squishiness in the valuation of the two sub-accounts.  

Brian Gibbons Is it applied for "de minimis" exemption, say under 3 deals?

Dear all,At what point RE Agent qualifies for RE Professional for the purpose of passive income rules exemption?

No need to 1099 a corporate business entity or a tax exempt organization.

Sales of Hud properties where the President declares it a federal disaster area"I was told earlier today, by a mortgage broker, that the HUD exemption is only when a borrower is buying a home from HUD using FHA financing. 

My intent was to live in it and rent out a couple of rooms and then sell the property in 2 years in order to take advantage of the $250k capital tax exemption.

RE probably won't qualify as tools of a trade to be exempt from judgments.Quality of properties and management is the first defense, insurance is second, third comes any benefit, if any, by the business structure, after that you could be all alone. :)

He's also speaking with a CPA, but then he also heard about investing via an LP set up by a Canadian company who operates as an Exempt Market Dealer, thereby circumventing the need to actually set up an LP, himself, but invest through one already set up, instead.