If you did it in 2025 but didn’t meet REP/material participation, a lot of that loss could get trapped as passive.Caveat: bonus depreciation phase-downOne thing to keep in mind is that bonus depreciation is phasing down.

That means those “paper losses” from depreciation or cost segregation can actually offset your W-2 or business income instead of just sitting on the books.For our clients, we provide an Excel tracker, guides, and recommend apps like REPSLog to log hours.

I sold the Class C with a capital loss and am selling the other Class C, both bought in 2023.

I later unloaded all those properties for a huge loss, and now I only invest passively.  

We're getting to the end of the year and I want to know:What’s one mistake, surprise, loss, or win that’s reshaped how you invest this year?

We had millions of vacant homes nobody needed (2025: we are 3-5 million homes short) and nobody had equity, forcing foclosure sales (2025: about 40% of all homes have no mortgage, most of the rest is equity rich, very few do not have enough equity to be threatened by foclosure)If I have my histroy right 1989 was mostly a commercial real estate recession: early 1980's tax code allowed w2 income to get wiped off by passive real estate losses causing a missive overbuilding of strip malls, office space and apartments to generate losses for high income earners.

That usually creates a loss or brings rental income close to breakeven.If you end up with net income, then the 20% pass-through deduction might apply, depending on how the IRS treats rental income with limited personal use. 

LOSSES) results.  

If you already have a loss, cost segregation can make it a much bigger loss. 

If it’s close to expiring, the tenant will need to request an extension from their Housing Authority before you proceed.These small steps can help prevent delays, failed inspections, or unexpected out-of-pocket losses.