STR and LTR Tax Interplay against W2

[Karen Kushner]

Hi All,

Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation. If we can swing it, we may also be able to purchase a LTR towards the end of the year. I'm wondering what the interplay is between the tax writeoffs for these properties against my husband's W2 income? Do the two rentals combine and then offset W2 income or do they remain separate?

Thanks so much!