There are so many limitations on offsetting ordinary income with passive losses that its useless to me.

., you have a passive loss), you just might be able to deduct it against your ordinary income.

Assuming this is an ordinary residential loan, this is loan fraud, pure and simple.

Nothing out of the ordinary I thought, and I went to my lender to start getting everything in order.That's when it started getting weird.

., Your profits on the flip will be taxed as ordinary income plus subject to 15.3% in SE Tax ( Both employee and Employer halves of Social Security and Medicare).

The landlord shall give the notice either personally or by ordinary mail addressed to the tenant's last-known address and shall state the daily charges for storage.

I can't imagine any cram-down of rents for any ordinary rental, maybe in a luxury unit in unusual circumstances. :)

That old covered back patio area - the wood is pretty rotten.

But you are strictly referring to ordinary income.

Commissions are taxed as earned income.Aaron -For those doing buy and hold, this is an AWESOME suggestion -- I had never considered it before.But, to point out to the rehabbers out there, this probably won't save most rehabbers anything in taxes -- since most rehabbing expenses go directly to COGS, and because gains are taxed at ordinary income rates, you'll pay the same in taxes regardless of whether the income comes from commission or or increased profit on the flip.But for buy and hold, this is something we should all keep in mind.