Tax Deduction for STRs

[Christina VandenBerg]

Question on qualifying for the STR tax deduction. Assuming you meet the terms of the tax benefit qualification (e.g., 100 hours and not more than anyone else) and want to use excess rental losses from the short-term rentals to offset taxes from W-2, is there any W2 income cap on this? E.g., you can't deduct more than $X amount or you can't deduct income made over $Y amount. I am trying to speak to a few CPAs on this but would value input from this group of practitioners as well. Thank you!

FYI, if seeking more context on these tax benefits, CPA Amanda Han's BiggerPockets blog article from last year is helpful: https://www.biggerpockets.com/...