Requesting help on what the gross taxable and deduction amount is entered in the lodging report for the city and state.. my Airbnb Vrbo charges occupancy tax for the guests already.

Once you pass that point, it’ll have been more than three years since you lived there, and you’ll no longer qualify for the exclusion.If you sell before March 2026, you can likely exclude up to $250k/$500k of gain from federal taxes.

Here it is in all it's glorious perspicuity:(3) The individual participates in the activity for more than 100 hours during the taxable year, and such individual's participation for the taxable year is not less than the participation in the activity of any other individual (including individuals who are not owners of interests in the activity) for such year;The regulation doesn't just require 100 hours of participation.It requires you to work at least as much as any other individual working on the property—including your property manager,.What does this mean in practice?

Selling one property to add a liquid, taxable account for college/retirement flexibility is a totally rational move — especially with kids about to hit college and you wanting to retire in 10–14 years.One thing to double-check:Since the sale is 11/24/25, make sure the tax estimates line up (federal, Colorado, NIIT if it applies, depreciation recapture).

So if you truly had $500k in profit and deferred it all, your taxable basis would be zero.

Instead, they get added to your basis and recovered slowly through depreciation.So your taxable income formula stays the same, and CapEx affects your taxes indirectly over time rather than reducing your taxable income in the year you spend the money.

Picture this: Elderly parents own the family home but have unpaid IRS debt with a federal tax lien filed.

Here’s what to know.State Equalized Value versus Taxable ValueBack in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

Why record the remaining cash-out in LLC #1 as profit if a refi isn’t taxable?

When the property is sold, the depreciation recapture rules will apply, reducing your tax basis and potentially increasing your taxable gain.