How long to hold before selling at a loss
My 2 member LLC purchased a house in Oct 2016. We rented for 3 months in 2016. We rented for 4 months in 2017.
We would like to sell as soon as it make the best tax sense. We know it will sell at a loss. How long should we hold before selling?
Also - do we have to continue renting it or can we keep it vacant until we sell?