Is it possible to deduct short term rental losses from earned income?

[Santos Lopez]

I heard that there's a way to deduct short term rental losses against earned income (e.g. W2 income).  How can this be accomplished the right way such that it doesn't raise red flags from the IRS?

[Michael Plaks]

Quote from @Santos Lopez:

I heard that there's a way to deduct short term rental losses against earned income (e.g. W2 income).  How can this be accomplished the right way such that it doesn't raise red flags from the IRS?

It is legitimate but the red flag is unavoidable.

Read this post please:
https://www.biggerpockets.com/forums/51/topics/1122635-the-s...