Could simply be bad practice or something more substantial. 

Market overall is substantially hotter today than it was 6 months ago when it was in a lull.

Proper documentation ensures you’re prepared to substantiate your claims.Federal REP or STR material participation allows you to deduct rental losses against active income, significantly reducing your tax liability.

John I rented a 4 plex i remodled in charleston as the flip market had slowed.. the tax's on it were substantially higher than an owner occ property.. could be the rates were different this was a 1.2 mil prop..

While rental income is indeed considered passive under IRC §469, that doesn't prevent you from claiming a home office deduction if you meet the requirements.What You Need to Qualify: 📋A dedicated space used exclusively for managing your rentalsRegular and substantial management activitiesThis must be your principal place for conducting these activitiesThe Legal Foundation: ⚖️The Tax Court in Curphey v.

If substantial renovations or capital improvements are made in later years, those improvements may qualify for new bonus depreciation.3.

I recently purchased my home in October 2023 (before starting my real estate investing journey), so I don’t yet have access to any substantial equity.

I'm willing to put in some work but not anything substantial.

AND. you'll have to reconver it to rental before selling so you can 1031 exchange the remaining gain.Because the proration is still going to leave you with substantial gain to pay tax on it would probably be easier to do one of two things.1.

And how might they impact the investors in states experiencing substantial growth?