My rental property generates passive losses from depreciationIf I invest as LP in passive income generating properties then I presume I can cancel my passive losses on schedule E from rental with portfolio income (K1) from these rental properties.

I do have an info session scheduled several times this week via Eventbrite registration daily thru Thursday of this week and next week, however moved the 8:30PM ET to 6PM the week of March 10th.Hi!

If your Schedule E (rental income reporting) shows a mortgage and operating expenses that negatively affect your income, it will impact your DTI when qualifying for a full doc loan.2.

Is it to schedule another call, a walkthrough etc?

If you are not Materially Participating, the loss will be reported on Form 8582 and like be classified as "Unallowed".The ordinary loss from Schedule E cannot offset the Schedule D capital gains. 

Our notary drafted an agreement, our lawyer reviewed everything, and we scheduled the land appraisal to satisfy our lender.Now, the seller is suddenly not satisfied with the financing timeline and is hesitating.

Here are the key tax implications we discussed:- - Depreciation takes longer: Foreign rental properties must use the Alternative Depreciation System (ADS), which means a 30-year depreciation schedule instead of 27.5 years for U.S. properties.

Market Rents would be around $7000 (conservative Estimate) I have the comps, Iv dug through the deal for hours each night trying to find an issue, but my limited experience leaves me staring at the screen with no real directionFinance proposal is this$400,000 HELOC from my primary residence at 10% (broker deal)$300,000 Seller Finance at 5% for 5 years based on 20 year schedule.

Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family.

The time and cost estimate accuracy is way more important to me than the work schedule.