Given that you have no income, and it's likely you may not meet the material participation threshold for 2023, the loss would then be kept on form 8582 to be used to offset future years of income from the property in the form of a "carryover loss"

Material Participation TestFinally, you must materially participate in each real estate business or property.

Hi anyone with a recommendation for a tax expert experienced with handling proceeds from a lawsuit involving defective building material.

.—(1) A materialman or laborer, either of whom is not in privity with the owner, or a subcontractor or sub-subcontractor who complies with the provisions of this part and is subject to the limitations thereof, has a lien on the real property improved for any money that is owed to him or her for labor, services, or materials furnished in accordance with his or her contract and with the direct contract and for any unpaid finance charges due under the lienor’s contract.

I personally find that many investment brokers marketing materials do not show complete, nor correct financial information, correct expenses or assumptions. 

Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account. 

You will even get it in writing (he does all his training orally using slides and at least we didn't get a copy of any material, so you have to take notes and pictures to keep up).Invest those 20k, 30k or 50k into a property, whether it is rehabbing and fliping, BRRRR-ing, or hacking, and network with local (from Dallas, not Austin) REI, realtors, loaners, etc. which you can find here and in the REI meetups.

Materials can range as well .

Hello!  I am a buy-and-hold investor who is learning more about investing in notes.  I am interested in recommendations for online courses or books (or other sources of information) that people have found useful. I un...

The only material difference is the down payment requirements and prepayment penalties that come with DSCR loans.