Looking for a Tax Advisor

[Anand Sai Chunduru]

Hello Everyone,

I’m looking for some Advisors from Charlotte area. Who can help us to understand our case and suggest in reducing the taxes. W2 employee with getting started with real estate investments using an llc.

Thank you in advance.

[Basit Siddiqi]

Is the LLC a single member LLC or a multi-member LLC. This will dictate if there is a separate filing obligation required for the entity.

Normally, rental losses are considered passive.
There issome exceptions to take passive losses if your income is below $150,000.
if your income is above $150,000, we would either need to claim real estate professional status or have a STR that is actively managed.