Taxes are done waiting for the irs to start accepting on the 28th.

I just did one with a 3.25% IR and 6 years in. 

for Tax reasons, you should have started marketing it for rent when you bought the property. but start marketing it NOW show photos and videos about the great work thats being done and show the draft of the finished product. start generating interest now and prove to the IRS that your intention for this property was always to hold long term so you can properly write off and expunge certain tax obligations.

So I just switched from my old, used-to-be-a-CPA, to a new IRS Enrolled Tax Agent.

Then have those smaller LLCs under a larger LLC in Nevada IR Wisconsin.

Be prepared to issue IRS W2s or 1099s if you're in the U.S.Airbnb collects the lodging taxes, business taxes, and other applicable taxes in some locales.

My best guess is that, if you've already closed the sale, you're gonna need to pay standard capital gains taxes, plus some depreciation recapture if you ever did use it as an investment property - and remember the IRS doesn't care if you actually took those depreciation deductions, they only care if you could have taken them.

Per the IRS. 

My partner is an accountant familiar with the new tax codes that were recently released by the IRS, but I still have yet to see investors discuss this method.For those that do not know, if you invest in a business or improve real estate in an area with poverty levels 20% or greater, you can completely write off your capital gains in 10 years if you decide to sell the property.

In reading the verbiage on the IRS' helpful forum I found this:If the amount you realize, which generally includes any cash or other property you receive plus any of your indebtedness the buyer assumes or is otherwise paid off as part of the sale, less your selling expenses, is more than your adjusted basis in your home, you have a capital gain on the sale.What is factored into "your selling expense" and how does that affect your capital gains liability?