Maybe they owe for the repair instead of being reimbursed for rent. 

These deals will be more passive and you can still get the tax benefits of owning real estate, plus debt paydown and appreciation.

Thanks If dad wants to take it out, it would be taxed. you can convert it to Roth but it does not make sense as you will pay taxes on the conversion. 

What innovative strategies are real estate professionals using to minimize capital gains tax on property sales?

I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or how I would apply the cost segregation numbers to maximize the tax advantages.  

Yesterday, she finally disclosed to me the amounts she owed on the HML and to the builder for the foundation work he's done.

Comal....the property tax has gotten crazy there.I just show with a single check. 

I started in Real Estate last year with Tax Deeds and flipped a couple parcels for profit, then as I researched more, found and fell in love with House Hacking, specifically with small multifamily, as a mean to create cashflow and eliminate my biggest monthly cost: my mortgageI currently have a Single Family Home in Haines City, FL which has gain good equity and I can probably net around 70k by sellingMy goal is to look for a Quadplex in Orlando FL or within 2h driving, just so I can drive and see the properties realistically. 

I am the co-host of a tax planning and strategy podcast.

Just curious as to (on average) how much everyone pays for their year end tax filing from a CPA who handles REI's or how much someone should expect to pay for this?