Deductions on rentals as a RE agent/Landlord

[John Khadiyev]

I wanted to know what are the limits on deductions for depreciation or cash flow passive income on rental homes owned by a licensed RE agent. I have read that it's better to have a license when you have rentals (SFR's) because you can deduct more, but how much more compared to a non-licensed landlord and what are the limits.
Thank you

John

[Account Closed]

High net worth individuals often lose most if not all of the ability to take current year deduction for their passive losses even though they actively participate. A high net worth individual that is a real estate professional doesn't run into this limitation.