Convert rental to primary — stack the $500K exclusion AND remaining 1031 deferral.
Rev Proc 2005-14 blesses stacking §121 (primary-residence exclusion) with §1031 (like-kind deferral) on a former rental converted to primary. Live in a 1031-acquired rental as primary for 2+ years (after 5 total years of ownership), then sell — exclude $500K under §121 AND continue deferring the original 1031 gain via a new 1031 on the residual. Net: near-total tax elimination on multi-decade appreciation.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.