At the end, I'm still confused.Here is my situation- W2 earner in CA.

The STR tax strategy is most beneficial for high-income earners (think: $300K+ annual household income). 

The good news is that wages have gone up 4.5% this year.

It’s definitely eye-opening how much these strategies can impact W2 earners with STRs.

If it is active, you can use the rental loss(Expenses in excess of income) against your other form of income such as wages, interest, dividends, etc.

Class C has a reliable tenant who pays rent on time but there are lot of repair calls.My California properties would be considered Class A - most tenants are high income earners, specifically engineers and tech workers. 

Younger people have moved out to find higher wages.  

This year many sources are reporting inventory is up on the MLS and a growing number of price cuts on listings.Median wages are growing, finally exceeding recent inflation.Things are already changing.

.), but I was just wondering if any of you use Turbotax to do your taxes that involves 1031 exchange.I called Turbotax.. the customer service cant really help and keep referring that I need to upgrade to Turbotax Live (pay more money).Here is my issue:In the Wage & Income Section, Under Rental Properties, I have indicated that I have 1031 Exchange (like-kind exchange) in 2019.

You typically collect via garnishing wages, bank accounts or a state income tax refund.