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Tax, SDIRAs & Cost Segregation

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Navid A.
  • Rental Property Investor
  • Fayetteville, NC
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81
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Deducting Business Expenses & the Standard Deduction

Navid A.
  • Rental Property Investor
  • Fayetteville, NC
Posted Nov 23 2019, 05:12

If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your personal return, $24k in my case as I file a Married, joint return?

With only a few properties, I doubt I'd come close to breaking the $24k standard deduction threshold. Am I missing something?

Thanks!

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