If you have carry forward disallowed passive losses those would be subtracted, too. 

Look forward to meeting with you all.I remade this post because I forgot to put where I am located in the title.Ryne

I'm currently self employed in a service business I started in 07 and am transitioning to RE as soon as possible. my "part time" RE effort is still likely over 30hrs/week. looking forward to freeing up another 50hrs when I can step away from my other business.

Thank you all for your quick responses, I will follow up in private messages later today - looking forward to us working together!

I am new and looking forwards to meeting wonderful interesting people in the Field.

I look forward to meeting you soon!

We're looking at expanding from our current knowledge in the real estate industry (we both used to be agents in another state) and learn the ins and outs of flipping, wholesaling, and eventually renting. mostly looking to learn from the immense amount of knowledge within the community and hopefully share some of what we learned from the agents side as well. also hoping to meet up and network with others in the industry as well and get recommendations on good trade workers that work around the area as we haven't networked nearly at all since moving here.Looking forward to hearing and learning from you all.

Also, whatever books I end up reading, I will take notes and post them here, so as to pay whatever help I get here forward : )

Thank you very much for reading my message and I am looking forward to hearing from you all!

RE Investing has been on my mind for quite some time, but I just never moved forward...I was raised and live in Northern New Jersey (Hudson County).