Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply presented by

User Stats

17
Posts
8
Votes
John Gonzalez
8
Votes |
17
Posts

Looking for a real-estate informed CPA or Tax expert to avoid or offset W2 income?

John Gonzalez
Posted

Hi, thank you for reading this,

I have a low performing STR, on which I have incurred losses in 2023. From this Dennis Karlton video:

https://www.youtube.com/watch?v=yfz6kyw3W7k&t=692s; I've taken away that:

1. Losses on an STR can be used to offset or entirely avoid W2 taxes

2. The key is in the interpretation of the passive income rules and guidelines which define what is a REP (real estate professional), as it relates to this space.

I am looking for:

1. A Tax expert who can implement this strategy for me

2. A Real estate-informed tax outfit or CPA who can file my taxes for me - using Texas-specific Real Estate rules, to minimize my tax burden

Thanks again,

John

Most Popular Reply

User Stats

1,188
Posts
770
Votes
Sean O'Keefe
  • CPA | Accepting new clients | 50 States
770
Votes |
1,188
Posts
Sean O'Keefe
  • CPA | Accepting new clients | 50 States
Replied

There are 20 + real estate CPAs commenting in this forum. Find one that is commenting about REPS, STRS, etc and DM them.

  • Sean O'Keefe
  • [email protected]
  • txt 6282410888
  • Loading replies...