So that generally doesn't apply to a partnership where you're a limited partner and you're just passively investing in the deal.So then the only way you can have real estate losses on a K-1 as a limited partner that you can deduct from your W-2 income is if you qualify for real estate professional status (REPS), as some of the other comments mentioned. 

Explore Exemptions and Deductions: Take advantage of any available exemptions and deductions for which you qualify to lower your property tax bill.3.

But before you rush your decision, you need to realize one critical distinction: treating this transaction as a business allows you to deduct all business expenses against this income.

So the income is claimed at the top and the expenses are DEDUCTED toward the bottom.

I don't particularly care about liability issues - I have insurance - I care more about deductibles and down time from a tenant letting a place flood because they didn't know where the shut off was, for example.

Essentially, people could donate money and get tax deductions and then that money could be pooled to buy property, fix it, rent it and pay a manager.I’m assuming it would be similar to a self invested Ira.

I can't speak for other firms or using software for cost seg, but I'd assume that their fees just like ours are fully deductible as a business expense for professional services.

In fact, I go with the highest deductible as possible and plan to only make a claim if something catastrophic happens.Duplexes (in my experience) rarely get broken into once occupied.

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

I use to do business via a C Corp, but because of the FAPI rules, the tax deductions have been lowered to 1.9x instead of 4x.