How would a real estate developer/investor go about finding other investors, developers, or joint ventures for collaborating on small or large scale real estate development projects?

Under the special allowance if a taxpayer is an active participant in a real estate rental activity, he may be able to deduct up to $25,000 (for married filing jointly) of loss from the activity against active or portfolio income (i.e., wages, interest, dividend, etc.) even if there are no other passive income.

Under the special allowance if a taxpayer is an active participant in a real estate rental activity, he may be able to deduct upto $25,000 (for married filing jointly) of loss from the activity against active or portfolio income (i.e., wages, interest, dividend, etc.) even if there are no other passive income.

We reside in a community property state and file our taxes jointly as amarried couple.

Things change as time goes on, you should each open one then purchase property as a joint venture.

From my research if this is joint compound it will be much easier to deal with.

I have investments with ET that have included rentals, joint venture note investments, syndications, hard money loans and note investment poolsI have found that being large is an advantage.

This allows individuals to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains from the sale of their primary residence from their taxable income.

For a single taxpayer, up to $250,000 in capital gains can be excluded from taxation, and for married taxpayers filing jointly, up to $500,000 can be excluded, provided that:You owned the property for at least two out of the five years preceding the sale.You lived in the property as your primary residence for at least two out of the five years preceding the sale.Based on your description:You purchased your first primary residence in 2018 and lived there until mid-December 2020.

Never mind the fact that IRA phase out starts at $189k (married filing jointly) for IRAs, which makes this a policy aimed squarely at the bottom 95% of income earners.