Was there a loophole I missed??

Kind of a loop hole there.Thirdly, insurance.

Hi all,I’m an airline pilot who owns a number of rentals and intend to begin using the Real Estate Professional tax loophole this year in order to take real estate losses against my ordinary income.

Forgive me if I ignore the legal loopholes, but everything else would be more like a shell company, right?

I don't know, but I'm sure someone will come up with loopholes. 

I could not figure out why the locals were not bidding.. come to find out 90k of senior deferral and the only way to find this is a special land line at the county.. so from then on out I had to have my secretary call on everyone we were going to bid on day before to check on senior deferral.. some who I talked to said that was the highest they ever heard of .. my attorney through some loop hole got it down to 60k.. and we did an extensive remodel and came out on top. .but it could have been a big loser... :)  it happens..

It will be neat to see discussion on the tax bill itself, but also loopholes and strategies that develop once the massive bill has been digested. 

Not because you used the loophole and converted to LTR after saving 200k in taxes. 

(and by this I mean eliiminating tax loopholes, asking all to pay SOMETHING) I believe it is higher than ZERO.

Yes I have a CPA but of course this is the busy time of year...I'm looking for creative loopholes to move some of my personal expenses to the business side so they are deductible.