But some towns (like Irvington) have their own local rental/property registration on top of that — even if you’re exempt from rent control.

Anything above that reduces her $15M lifetime exemption.

Correct that Solo 401k is exempt from UDFI which triggers UBIT on leveraged real estate.

For those actively acquiring properties, this could significantly impact deal analysis, particularly for high-income W-2 earners trying to offset ordinary income.The estate exemption bump to $15M / $30M is massive!

@Nicole Reinarz Stover If you keep it as a relative homestead, you’ll get the lower property taxes from the homestead exemption and still be able to deduct mortgage interest, but you won’t get rental property tax benefits like depreciation or being able to write off operating costs against rental income.

I'm gathering some docs for the WCB to try to get an exemption but I realize I had expense line labeled as "super" even though he was a handyman I had come around for certain repairs. 

In some cases, partnering with or leasing to a nonprofit operator can even allow for partially tax-exempt rental income under certain IRS provisions.Beyond depreciation, operators may also qualify for the QBI deduction, which lets you exclude up to 20% of your business income from taxes if the property is managed as an active business rather than a passive rental.

I’m all for minimizing taxes paid but I have also seen lots of people get themselves all “balled up” in complicated structures that can cause problems down the road.I can tell you as a single man I sold my house in San Carlos CA back in 2014 so I only got $250,000 tax exempt.

If so, you could sell that and take advantage of the primary residence exemption, which would be tax-free up to $250K if single and $500K if married.

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.