Each State is different.Some states require you to track the passive losses at the state level.There may be a state equivalent of the form 8582 or there may be a completely different state form.Also be mindful that some states do not recognize bonus depreciation so there may be some federal / state differences for rental income.

Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.

If you decide to do this, make it a one-off or no more than a few months like a bonus incentive to sign but it doesn't last the length of the lease.Best of luck to you, Paige!

The downstairs has 2 bed, 1 bath, and a bonus room.

It is a 3/2 with a converted one car garage that is a bonus room. 

The right loan officer can calculate all of this for you and set you up for success not only now but for future properties too.And as I mentioned, you can not only use your VA benefit for 1 property, if your purchase price is low enough, you will have secondary/bonus entitlement to buy a second property with a VA loan.

As I can't quite tell if the cleaner did not fully restock (I ask the cleaners to be generous with the restock), I'm leaning toward covering all the extra charges ($300 worth if I include the extra time our hot tub maintenance person had to put in to restore the tub/water) but leaving them a 3-star review, knowing they may push back in their comments. 

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

However, there are some restrictions that apply, you'll want to look for details on "bonus entitlement."

In addition, make sure the Realtor is full time, and has experience with Investors, and a bonus if they have investment properties themselves.