Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago on . Most recent reply presented by

User Stats

98
Posts
38
Votes
Patrick Shep
  • Rental Property Investor
  • Washington, DC
38
Votes |
98
Posts

End of year tax strategies?

Patrick Shep
  • Rental Property Investor
  • Washington, DC
Posted

What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions). I've read a lot of people will buy a property as an STR, put it into service then do a cost seg. I'm looking to offset rental income.

I can't take a passive loss against my W2 income. Would love to hear some advice.

Most Popular Reply

User Stats

87
Posts
81
Votes
Adam Michael Andrews
  • Investor
  • Lake Forest, CA
81
Votes |
87
Posts
Adam Michael Andrews
  • Investor
  • Lake Forest, CA
Replied

Pull forward some capex. For example, do you have water heaters that are going to fail and flood your place because they are 20 years old? Or if you have crazy old paint that really should be redone anyways. Maybe you always felt a fence would increase your market rents.

Trick with this is you want to only do things that truly permanently improve the property value.

Loading replies...