A partnership vs. disregarded LLC warrants consideration- you face different reporting requirements, limitations, etc. 

A real estate-focused CPA can help maximize deductions, structure tax-efficient strategies, and navigate complex rules like passive loss limitations and cost segregation.

(check page 7 of this IRS Pub)Something that's non-passive and you materially participate means you can deduct those losses up to the excess business loss limit. 

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.

One of my favorite states for OSS investments is Florida. I own two properties there, but insurance costs have skyrocketed.Lately, securing home insurance has become increasingly challenging due to the high risk of hu...

To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.

In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original conce...

Passive Activity Losses: Are there ways to offset my W-2 income with rental losses, or do I need to qualify as a real estate professional for that to work?

I would keep track of of all the losses, and work with a CPA.