A tax professional can confirm the best move based on your full financial picture.This post does not create a CPA-Client relationship.

. - Are you or your spouse an IRS real estate professional? 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I’m new here and not a real estate professional—just an entrepreneur navigating some challenges and hoping to connect with property investors who might see an opportunity in my situation.My main business has hit growth hurdles, creating financial strain that’s forced me to part with my primary home in Pensacola, FL.

If additional funds are required or if a professional is unable to resolve the issue, Lula will reach out to you directly.Let me know if you have any questions! 

Either hire a professional PM or put in the time/effort to be a competent PM. 

I am eager to expand my knowledge and gain valuable insights from experienced professionals in the industry.If anyone is willing to share advice or guidance, I would greatly appreciate the opportunity to connect.Thank you for your time and consideration!

You will be able to use those disallowed passive losses: -Against other passive income -If this rental has net income in a later year these disallowed losses will offset that income-When you sell a rental those carried over disallowed losses offset the gains on sale Other situations you hear about where people CAN use the rental losses to reduce W2 income are where the rentals qualify to be Non-Passive This typically happens in the following two situations: Real Estate Professional Status- A taxpayer or their spouse spends at least 750 during the year on real estate- and more time on it than anything else.

If you consult two different tax professionals, you might receive two different opinions.

Readers should seek professional advice.