@John Davey With an AGI over $150,000, all rental income and losses are bundled together and cannot offset ordinary income due to Passive Activity Loss (PAL) rules.In your example, the combined $3,000 net loss (from rentals 1, 2, and 3) is carried forward since your AGI is above the threshold.

If you expect a large tax balance this is why people rush to get it into services ASAPEdit: To also add if the taxpayer qualifies for the "STR loophole" as some call it, even if they don't have much rental income, they could use the losses produced by that STR to offset other income.

I do have a zero-leverage option which is taking out retirement funds early and $30k is tolerable for me.I assume you know but you will pay a 10% early withdrawal AND pay ordinary income tax on that 30k.

Thanks a million, KristinSTR is great for using depreciation to offset ordinary income and passive income.

As Chris mentioned, the taxpayer has to stay the same between the 1031s.

My monthly tax payment on my 4-plex went from $1200 to $1800. 

If you’re considering holding multiple properties, managing cash flow within the account to cover these expenses is crucial.If you convert a Traditional IRA to a Roth IRA, be aware of the tax consequences, as the conversion amount is taxed as ordinary income.

@Raphael RamosLending to someone is interest income just like interest income in your checking or savings account - it’s typically taxed at ordinary income ratesI am not sure I understand the question if it’s deductible?

I've had Section 8 tenants that were great for 3-4 years before trashing the place, stealing appliances, not paying rent, and eventually abandoning the property with over $10,000 in damages.On a personal note, it chaps my hide that we have people in society that live off the backs of taxpayers for decades.

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?