The questions is, will the prepaid debit card permit ach debit transactions... not all will... most notably the "direct express" card which the recipients of federal benefits use does not. 

No deduction.And on the flip side they do not have to report the FMV of the gift as taxable income.Make sure you file a gift tax return for 2019. 

I could actually use it showing up as a loss on my taxes right now, my W2 income is high and my properties all showed a profit even with depreciation this year...so when I rent it out it will help reduce my taxable income but the LONG term goal is to hold it as a rental for growing cash flow and eventual payoff...

On today's Bigger Pockets Podcast, Amanda Han said the following: "Let’s say you’re someone who is a high W2 income earner and you’re at the over 50% tax rate between federal and state.

Here's the Natalie episode: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-112-natalie-kolodijThis is a good episode too for those on the FI journey - it's not up-to-date on amounts, but the basic outline is on-point: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-54-6-ways-reduce-taxable-income-eric-brotman

Originally posted by @Dayshawn Carter:I’m 19 and haven’t yet established a credit score is it still possible for me to qualify for a loan  If you want to borrow money to buy a house, you may want to consider a mortgage backed by the Federal Housing Administration, or FHA.

I was hoping to find a way to lower my taxable income without hurting my buying power for a property.  

The new interstate and federal roads to increase trucking are well underway.

Some federal student loans have very good interest rates with good monthly payments to match.

., the taxable rental income), I get the new 199 tax benefit which reduces my rental income taxability by another 20%.Compare this to taxable wages and I think you will see just how overwhelming the tax benefits of rental properties are if you select the right properties at the right time and manage them appropriately over a meaningful period of time.