In this case can I net the losses and gains together for an overall ~$6000 loss to carry forward or do I have to pay taxes on the one that has the gain? 

Hi Ena from Houston, Texas-I am sorry to hear you have had a prolonged job loss and are looking to hold on to your house with your son.

Doing it by yourself with minimal assistance. 2.

The short version:- **Without REPS:** Cost seg losses are passive.

I make over $150k, so I believe I don’t qualify for the rental loss deduction and I’m not a real estate professional.

I know there are many tax benefits with real estate and want to take full advantage of my tax breaks to minimize my taxes. 

I started with mobile homes and transitioned to SFHs.Current flip in Garland Texas that is at day 75 on the market with minimal showings.

passive losses and debt paydown have been greatest for me.

My thought is to be able to move my disabled dad into unit at a cost he can afford and I don't take a loss at same time.

You might have a solid RE deal throwing off k/month in cash flow, but if your margin requirements spike and you can't refinance out of hard money quickly, you're forced to sell securities at a loss.