Can the resulting Schedule D gains be written off against Schedule E loss carryforwards?  

I definitely think there is a case to be made ... when we bought ours we used recent local comps for the land value and then broke out as much of "everything else" as we could ... roads, mailboxes, fences, light posts, there is a storage shed on site ... each type of "improvement" will have a different depreciable life, but it should get the weighted average down which will help ... there is a good podcast episode on this topic done by @jeffersonlilly early on ... you should look that up and check it out ... good luck 

Needless to say, there really aren't any more in the Springs or N/E/W of town so I've also been starting to look at properties in Pueblo.

Our building is not held in any corporate or LLC structure, so we just file a schedule E with our return.I was wondering if there was a way to take some of the income from the building and pay ourselves a nominal amount that we could report on our schedule C's using a 1099-misc?

I'm also not sure how much weight I would put in a "10 year job growth prediction".

Page 2 of Sch E.

Thanks for the input @Chris Shepard and @Lynnette E.

Originally posted by @Lynnette E.

That IP address is a Google e-mail server.

"I've never paid any bill on time ever and have managed to save $600...can you put me in that E-Class for $400 a month"??