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Updated about 1 year ago on . Most recent reply

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16
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8
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John Gonzalez
8
Votes |
16
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

1,175
Posts
751
Votes
Sean O'Keefe
#3 Tax, SDIRAs & Cost Segregation Contributor
  • CPA | Accepting new clients | 50 States
751
Votes |
1,175
Posts
Sean O'Keefe
#3 Tax, SDIRAs & Cost Segregation Contributor
  • 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
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