Once change to the calculation of gain:Sales Price: $100kClosing Costs: $10kNet Sales Price: $90kBasis: $75k ($90k purchase + $10k improvements - $25k depreciation)Gain: $15kThe key here however is that since the total gain does not exceed the total depreciation taken, the gain is considered Unrecaptured Section 1250 Gain (instead of capital gain) which is fancy terminology for depreciation recapture.

His professionalism is only exceeded by his commitment to excellence.

You will be able to exclude up to $250,000 in gain if you are single, or up to $500,000 in gain if you are married and filing a joint income tax return, as long as you can say that you have lived in the property as your primary residence for at least a total of 24 months out of the last 60 months (two years out of the last five years).You should not have any taxes to pay since you have lived there for at least 11 years unless your gain exceeds the $250,000/$500,000 limit.

IE wife passed or hubby passed .. and they just cant part with it. the other reason and I find this very common in the deep south and in the South Carolina markets I workis they simply did not handle their personal affairs correctly  IE no probate at death.. no real divorce  etc etcso title is all buggered up and cannot be fixed without major legal work that sometimes will exceed the value of the home or what they are willing to do with it.. in Charleston SC we deal with this I would say one out of five we try to buy has these lingering title issues.. lots of shirt tail relatives .. no proper action taken at the death of an owner etc etc and you simply can't clear title.

Nothing in this section shall prohibit a landlord from entering into a written lease that requires the quarterly or less frequent payment of rent; provided, however, that the security deposit received in addition to the initial rent payment may not exceed the equivalent of one month's rent. 

It sounds like they kept the house in great condition, and if it does not exceed the "normal wear and tear" guidelines, and do not owe anything additional such as late fees, utilities, etc. you should think about returning the full amount.   

Her security deposit clause reads: SECURITY DEPOSITS: The Security Deposit shall not exceed two times the monthly rent for unfurnished apartments or three times the monthly rent for furnished apartments.

Take a look at https://www.corporatehousingbyowner.com where you can charge higher rates to corporate long term rentals which typically will exceed that 30 day threshold.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

To Nick's point, you'd need to find something that is exceeding your cost on those dollars (but don't forget to look at the tax benefits, equity gained via normal principal payments and possible appreciation).