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Tax, SDIRAs & Cost Segregation

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Michelle Eng
  • kissimmee, FL
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How long to hold before selling at a loss

Michelle Eng
  • kissimmee, FL
Posted Nov 13 2017, 06:29

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?

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