Never, matter of fact they are paying much more this year.

It's better than what you'll get from most attorneys and what you'll find on the internet.

Thanks so much!

But want to get an opinion or a better understanding on how IRS section 121 works in this case

I have attempted to put it on the market for sale, but there hasn't been much interest.

For example, if you had a full time job (2000 hours per year), you'd have to justify that you did 2001 hours doing real estate related activities.See the IRS' page regarding activities:  https://www.irs.gov/publications/p925#en_US_2022_publink1000...The other question is why are you have so much passive losses to bring onto your main 1040? 

Asking in the correct forum will get a better response.Need a spreadsheet or form?

The more information you have, the better!

Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success 

I wouldn't hold any longer, so write off as much as you can.Wishing you the best.