State cap gain can’t be right since the highest possible is 13.3 and if you were paying the highest rate, you would have to pay the 20 percent fed rate plus the 3.8 medicare rate as well.
I don’t want to be a landlord either but decided not to sell because I would be paying 20 + 3.8 + state tax.
More likely I’ll figure out how to do a 1031 exchange to get a vacation home after renting it out first to meet 1031 rules.
