Missouri joins Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Wyoming with starting the 2025 tax year by ELIMINATING state property gains tax, meaning you won’t have to pay the ~4.8% former property gains tax paid at the state level.

At size of estate there is no federal inheritance tax.

Tax Strategies for High-Income Earners: How to Lower Your Effective Tax RateRecent IRS data shows that the top 1% of earners—those making over $663,000 annually—paid an average federal income tax rate of 26.1% in 2022.

Bigger Pockets is a great place to find a real estate tax strategist.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation, 1031 exchanges and tax planning.I recommend finding a strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your strategist remotely to expand your options.I would also recommend looking for a strategist willing to work with you throughout the year.

But when it comes to choosing a great tax strategist, I recommend looking for someone who is proactive, meaning they don’t just file your taxes but help you plan ahead to reduce your tax bill before the year ends.

I've been having an eye-opening discussion with ChatGPT to understand how the rate of return I need to service the debt (roughly break even) went from the 7.268% APR to around 8.23% (after tax) to around 11.83% (pre-tax, assuming a 27.8% effective tax rate based on my income, federal tax bracket, and state). 

From a tax perspective, if all your properties and operations are now based in Florida and the Wyoming LLC is no longer holding title or conducting business, there’s likely no federal tax benefit to keeping it active.

Seller shall pay all state and county transfer taxes and other costs required to convey clear title.

All that said you can appeal tax assessments.

Youcan always appeal your taxes.