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Updated about 3 years ago,

User Stats

39
Posts
15
Votes
Derek Schetselaar
  • Lender
  • Lehi, UT
15
Votes |
39
Posts

Schedule E Loss - What to Do?

Derek Schetselaar
  • Lender
  • Lehi, UT
Posted

Hey BP, 

Question for you guys. If anyone knows a good real estate focused CPA too. Let me know. 

Looking at buying a duplex, (second property) and writing off the depreciation on the property

As this would result in a loss for the year, I want to see if I can deduct it against my w2 ordinary income. 

https://www.biggerpockets.com/...

This article is helpful, but I can't find anywhere where it talks about what is included in a "Real Estate Professional." Does that only mean Real Estate Agent, or can a Mortgage Guy be included in that classification. 

Thanks for the help! 

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