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Results (10000)
Karen Kushner STR and LTR Tax Interplay against W2
2 May 2024 | 4 replies

Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation. If we can swing it, we may also be able to purchase a LTR towards the end of the year...

John Zhang Is there a dollar limit on how much we can use real estate depreciation to offset W2
30 January 2025 | 4 replies

My wife is REPS status. I am a W2 employee. I used to believe that the limit is $500,000. But is it still true? Thanks in advance!

George P. (income tax question) Active vs. Passive
16 March 2011 | 30 replies

My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?

Jen Hunt 20% down with cashflow or 5% without?
18 June 2020 | 11 replies

My first investment, I am looking at 2 options.. I can co sign with my kid and he will be one of 3 renters in the condo, it won't cashflow but I can put just 15k down and hopefully the tax breaks will be worth the inv...

Ashish Acharya Real life example of the real estate professional status
11 April 2019 | 15 replies

Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...

Sean Gallagher Cost seg / accelerated depreciation to offset W2 - thoughts
19 June 2024 | 14 replies

Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...

Vikrant Prakash Short Term Rental House Hack
1 September 2024 | 9 replies

I am new to this forum but have seen some really great posts, advice and experiences shared on this forum. I am new to real estate investing and thinking of starting off by doing a "house hack" via renting out the unu...

Bruce Weyer Tax benefits for owning rental property
25 August 2018 | 8 replies

Just curious as to exactly how owning a rental property can lower my AGI (adjusted gross income)? I have heard that I can take the following:depreciation, but doesn't this just lower my net income for the property? wh...

Chris Breezy First time tax loss harvesting. Please help
22 December 2022 | 6 replies

I make 100k salary. I have about 3k in taxable income from stocks and I’m trying to understand how much of my losses I should sell off.I know the irs limits your losses to 3k per tax year. So I’m my situation can I ta...