This could allow you to use rental losses to offset your W-2 income.

It’s a story for another type of forum…lol.This year, our tax pro mentioned the $150K limit on the $25K rental loss deduction.

Point blank.It's not the automation, it's the QUALITY of the automation.I'm very concerned for all ISA's in real estate.I don't know if I'll be the one responsible for job losses,but I sure do know ya'll as ISA's don't have much time. 

Hey BP family,Frustrated that your real estate "paper losses" can't offset your W-2 income?

You can write off 100% of your business deductions as long as they are ordinary and necessary.The next question is how much of my rental losses can I offset against my other forms of income such as wages, interest and dividends. 

Depreciation and interest deductions can generate paper losses that reduce your taxable income, and those losses either offset other income now or accumulate to offset gains later.

Insurance covered repairs and loss of income, and the remodel brought the home up to a higher standard, supporting the strong resale value.

Either way it depends on your diet and desire.

I'm thinking both my LLCs will incur paper losses and writeoffs against the income, kind of double dipping in my mind.Is this a thing? 

That makes it difficult to qualify as real estate professionals under the tax code, which would typically allow you to deduct passive losses against your W-2 income.The first thing I’d want to confirm is your total income.