??? about Realestate sale(not car Related)

[YENKO DEUCE REGISTRY]

The properties are held as investments, and when sold will produce a long-term capital gain that will be taxed as income at the LTCG rate.

The expenses incurred throughout the years to maintain the properties were (should have been) used to offset the rental income, provided the rental income exceeded rental expenses in at least one year of a three year period.

The only way to avoid paying the capital gain when a property is sold is if it is your primary residence - and you roll the amount of the sale into your next primary residence. I think there's an age limit in there as well, but regardless, this provision won't apply.