How can I reduce a ~$1M capital gains tax bill?
I have about a $1M tax bill coming up in 2027 from capital gains realized this year. The sale has already happened and I live in Texas.
I’m already looking at tax-loss harvesting and possibly buying/operating another short-term rental with cost segregation/bonus depreciation (btw spouse qualifies for rep status and has several LLCs that have losses). What other legitimate advanced tax strategies should I be looking at before year-end?
u/htxplans — 11 days ago