That means your STR losses, especially if you do a cost segregation to accelerate depreciation (don't forget about deducting furniture, supplies, utilities, cleaning, and repairs) can offset your W-2 or other active income.So even if you can’t hit REPs in 2025 because of your W-2 job, you may have already qualified for the STRs rules without realizing it.

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?

Vague contracts are how bad deals become lawsuits.What started as a $30,000 loss turned into a $269,000 appraisal — and a monthly cash-flowing asset.That’s the difference between reacting like a landlord and operating like an investor.

What next, a dog food? 

BTW the $200k taxable income was largely offset by deductible losses. 3.

I figure if it was that amazing of a deal someone further up the food chain would have already snagged it. 

That means their share of the gain/loss could be based on the original purchase price, which can create a split basis situation between you (inheriting your share at stepped-up FMV) and them (keeping their older basis).On the other hand, your portion that was inherited at your parents’ passing would get a step-up in basis to the fair market value at that time.

The cost of dog yummies and dog food, etc.

The initial limited partnership syndications were terrible deals guaranteed to lose money - the investor was supposed to “harvest” tax losses.  

To make the losses non passive so they can offset your business sale gain, you’ll need to materially participate in the STR and ensure the average stay is seven days or less.