As long as you have lived in the property for two out of the 5 years prior to selling it, you will get to exempt all gain tax-free.

During the purchase-phase, is the PLANNING PHASE... don't waste that valuable time. 

If by some miracle there's a small gain, I'll just pay the tax. 

If you could share the titles or authors that have significantly impacted your journey or transformed the way you approach real estate, it would be incredibly valuable to me.

Thanks again for the valuable insights! 

If not then they are obviously short term capital gains or regular income. 

We want to sell but the Capital gains are very substantial, my accountant didn't offer any other advice.

I think another thin to take into consideration is how much money you make.If you make $100,000, saving $10,000 in taxes will be valuable.If you make $500,000, savng $10,000 in taxes won't be as valuable.

Depending on your other income, short-term vs. long-term strategies can have very different tax implications, and many people get into real estate investing precisely because of how it interacts with their overall financial picture.Since you guys are planning flips now and rentals later, the tax setup matters more than most people realize.For flips, the IRS treats everything as active income, not capital gains, so once you’re doing more than a deal or two a year, you’ll want an S Corp (or LLC taxed as one) to avoid paying more self-employment tax than you need to.

Louis, Kansas City, Denver, and the Western distribution spine.That rail line is one of our quiet superpowers.While coastal markets deal with 30%+ office availability and distressed loans, Kentucky sits in the middle of a logistics triangle that keeps getting more valuable every year.It’s why industrial here barely budged even as other cities saw their vacancy rates double.