All Forum Posts by: Chelsea Schaefer
Chelsea Schaefer has started 1 posts and replied 2 times.
Post: CPA causing confusion on STR rules - HELP!
Chelsea SchaeferPosted
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Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 240k. Is there a W-2 limit or is our CPA not knowledgeable on STR tax???