Schedule E Loss - What to Do?
Hey BP,
Question for you guys. If anyone knows a good real estate focused CPA too. Let me know.
Looking at buying a duplex, (second property) and writing off the depreciation on the property
As this would result in a loss for the year, I want to see if I can deduct it against my w2 ordinary income.
https://www.biggerpockets.com/...
This article is helpful, but I can't find anywhere where it talks about what is included in a "Real Estate Professional." Does that only mean Real Estate Agent, or can a Mortgage Guy be included in that classification.
Thanks for the help!