Tax Benefits: Florida has no state income tax, making it an attractive location for investors seeking to minimize tax burdens.5.

Well damn, clearly I need better guidance on tax planning... what are some ways to tap into those losses aside from selling?

I'm currently living down here but all my financials (assets, bank accounts, income, tax filings, etc) are in the US.

There has been no tax benefits per se.  

But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.

A virtual assistant company that could offer a wider range of expertise and take the weight off the shoulders of busy entrepreneurs.Fueled by ambition and mugs of cold coffee, WE started small.

Normally, anything at a bar and for real estate investors is a good networking venue (also drinks can be tax write-offs).

I might be wrong but I am assuming the houses are also appreciating just because of the overall housing market trend but I believe the university is also expanding, thus increasing property taxes.

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

Talk to a tax professional.