I have a 5-year old mutt who’s my best friend, recently engaged to my fiancé of 5 years, aspiring Adirondack angler, learning JavaScript and Golang, self-taught whiskey “sommelier”, Lego fanatic, and car geek.

In a nutshell, can I offset my gain in box10 with loss from box2 and other passive activity losses (eg.

There are 7 material participation tests and these are the 3 most common for real estate investors AND you need to meet one of them: Spend more than 500 hours on your rental businessDo substantially everything for the rental businessSpend more than 100 hours on the activity and no one other individual spends more time than you doAnother way to offset non-passive income (e.g.

., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.

However, I'm excited to be a more ACTIVE member moving forward! 

You participated in the activity for more than 500 hours.2.

By qualifying as a real estate professional (REPS), you’d absolutely be able to offset your wife’s W-2 income with passive losses from your multifamily activities.

maybe talk to some lenders and see what options you have.unfortunately i think the active methods take a lot of time, and the passive methods take a lot of capital.for example - on the active side - BRRRR is a really great but really difficult method. 

If you meet this first test, you are a REP...now determine if you can use the benefits of it.2) if you or your spouse meet test 1, THEN you can make an election to combine all your RENTAL activities together for purposes of determining if materially participate in your rental activities.  3) So you met test 1, made the election under #2 - now you see if you materially participate in your rental activities. 

There are a few MTR Facebook groups that are very active and the community is always sharing MTR booking leads.