I'm trying to understand whether Active real estate losses (Real Estate Professional) lowers MAGI.

@Mickey Yang  - I think you are talking about a property here in OKC - if so, I've recently replaced one (last fall/2022); and it was one that one plumber initially told me we be more expensive b/c it was deeper than six feet -so  they would need to shore up the sides/per OSHA regulations. 

You cannot offset your W2 income with passive losses unless you are making less than 150 (MAGI) or are a tax real estate professional and meet the requirements. 

Quote from @Hong Yang: Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

@Yang Zhuang4 family renovated can probably go between 1 to 1.5 million (depends of  the area, number of bedrooms per unit, age, etc.) in Bergen Lafayette.

You can deduct up to $25,000 in passive losses (Rentals) against your ordinary income (W-2) and other active business income if your modified adjusted gross income (MAGI) is $100,000 or less.This deduction phases out $1 for every $2 of MAGI above $100,000 until $150,000 when it is completely phased out.

Hello @Yang Zheng, there seems to be confusion on how you phrase the situation.

Hey Yang, you'll need to review your agreements with your property management company.

@Frank Yang For regular LLC you need to provide 1098 from Lender to brorrower.  

@Timothy Yang, are you looking to outsource every aspect of management or prefer to self-manage certain aspects?