Is there a limit on the amount of expences a landlord can deduct from taxes per year?

I asked my accountant about this and he responded that contributions to a Keogh wouldn't reduce my AGI in regards to the special $25k deduction for real estate passive losses.What am I or they missing?

Investors have a compnay (usually an LLC) and that compnay was formed for business deductions and liability protection.

neighbor's irrigation broke and flooded my basement.I could claim against his insurance, or my own insurance which would "subrogate" a claim against his insurance. damage is about $2500 to clean up. my deductible is $2500.

And man, you better have a receipt to back that deduction up if you are ever audited.YMMV, Objects are ALWAYS closer than they appear,Tevis

Almost all properties have a vacancy clause that starts stripping down coverage and/or increasing deductibles after 30-60-90 days.

So let us assume that we maximized our deductions and still end up with an annual net rental income of $1000.

I would finance as much of that property up to $1m as that is the highest principal balance able to be deducted without limitation for purposes of your tax return.

You do not get a tax deduction for your labor unless your corp is paying you a salary.

When reporting Depreciation and Amortization (form 4562) for each property, it only asks for totally miles driven (line 30), commuting (line 31), personal miles (line 32), and total for the year is line 30 through 32. so when reporting to property A: business use of auto percentage is A/A+C+D =1500/5000 instead of A/A+B+C+D=1500/9000. which is wrong. same issue for B.But if I report both A and B on line 30 of one property, then we deduct the expenses twice, which is even worse.