All Forum Posts by: Mike Stevens

Thank you. 

Is the 461 loss quote the income limit where it phases out? Or does this represent the max amount that can be written off?

 But does the 150k income limit apply?

Hello

Does anyone know if the short term rental tax depreciation against w2 income has an income limit?

I know there is 150k income limit for long term rentals. Does this apply to short term rentals?

Regards 

mike 

Rene

Thank you for your reply. I actually don't know its lead paint Its just an older building, and the seller disclosed "no knowledge" or lead paint.

Hello,

I wanted to know if anyone can answer a specific question in regards to renovating with lead paint.

What kind of renovations specifically DISTURB lead based paint? I imagine changing or ripping out the dry wall, changing the windows, etc.. But what about renovations that do not involve walls like changing carpets or flooring or cabinets.

Also, can a contractor just paint the walls again a different color without disturbing (if its not chipped or damaged)?

Pardon my ignorance.

Error in post. Please delete