I took advantage of the no capital gains tax period and will put the equity into investment projects closer to home here in Maine.

I took advantage of the no capital gains tax period and will put the equity into investment projects closer to home here in Maine.

I just want to get traction and some forward momentum. 

@Karissa Green Agree with @Andrew Postell purchasing a property from a company that you own will result in a huge tax bill on capital gain because once a 'sale' happens, a 1099 has to be issued, and therefore IRS knows a sale has occurred.

.- Assume $1,000,000 short-term capital gain  (with other income, so max-tax)Note that before the gain, I was already planning to buy a couple commerical properties (1 in state, 1 out of state), but then due to the gain, I wound up learning about Opportunity Zone investing, QOF/QOZB, etc. -- unfortunately the 2 properties I wanted to buyer are OUTSIDE of their respective states OZ's.

Is the goal just to get a high paying 9-5, create other passive income forms to gain capital and invest?

If we keep starting and stopping and chasing every creative strategy, we will never get traction. 

If you plan to sell the property in the near future, you may want to have a high land value so there’s a lower depreciable property value which would result in a smaller capital gain when you sell the property.

The seller would be responsible for the real estate taxes on the property up until the date of sale (this is normally prorated between the buyer and seller for the year of the sale), as well as any capital gains taxes on the sale of the property. 

Do any of you folks park your cash in Index Funds to try an maximize any gains?