The 2024 presidential election presents two distinct visions for America's housing market.

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

These Ai thing the way I see it, is just temporary way to uphold the stock market, gov. cant screw 401k and retiress because if stock market collapsing, nobody would elect them so they have to create a story.gov regardless left or right, they have no choice but to pump stock market via tech sector as if they are going with oil, they would satisfy the Russian, their new enemy lol.....this is why also the risk/reward for avg Joe, public investing either with SPY or simple REIT for real estate is still way better , it just provide the cashflow to investor while it's also liquid. 

Kind regards,Lisa IshamVice President of Housing Choice Voucher Program ServicesAnyone have more info on this?

You wear two hats, you’re the employee so IRS allows elective deferral (just like your current w-2 401k) up to $23k or $30,500 if over 50 AND the employer so you can also make profit sharing contributions of 20% if profit or 25% if gross payroll.  

We will see what happens with the election in the real estate market and then I will act accordingly.   

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?

A couple additional facts that might be helpful, include that the HOA president rented his home out for 10 years (on Airbnb).

And four years ago, we all remember Donald Trump threatening to fire Jerome Powell if he didn't cut interest rates further at a completely unnecessary time, other than to help him try to win re-election.

Not sure how other states was during the election, but one of the candidates running for senator here in Ohio ran on his campaign of cracking down on “predatory landlords”.