Your original 1031 did not defer all your taxes.

You fail material participation.This is the "outwork everyone" test.And it's where most STR tax strategies collapse under audit.

Hi Mary - How is the STR market there in UAE?

It's 2025, almost 2026, and everything in the tax industry is done remotely these days2 - waiting "a few months."

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.

We are looking for someone willing to work with us and offer a meaningful tax strategy and insight into what we can be doing better.

Check with @deniselevans Alabama Tax Sale Attorney. 

Quote from @Mary Jay: Quote from @Henry Lazerow: Get these spammy AI responses out of here ^ 🤮P.S. you shouldn’t buy either those rent to purchase ratios are way too low.

Quote from @Michael Baum: Hey @Mary Pastoral, sorry for that!

I've got an amazing Chicago property tax attorney that I highly suggest using.