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Results (2311)
Ricardo Garcia 2-Year Extension of the Limitation on Excess Business Loss
29 December 2022 | 0 replies

Hi All,Please, I need your help understanding the new IRS law starting January 2023, which will only allow you to claim losses on your business for three out of five tax years. If you don't show that your business is ...

Juan Vargas New Tax Reform- Great Read
29 December 2017 | 5 replies

Thought this was a great information on how the tax reform will affect commercial real estate investors. I have not checked to see if it was posted and shared before. I apologize in advance if it has. How CRE Investor...

Jaleh Afrooze CARES Act- Real Estate Depreciation Loss Carryback
12 April 2020 | 5 replies

I read in a CNN article that depreciation expense can now be deducted from all other types of income with no limit (See below). Does anyone have a good attorney or CPA who can verify this? 

```Now here is what chan...

Brady Huf Using excess depreciation against other business (S-CORP)?
28 August 2019 | 3 replies

I have an S-CORP that I run my video production company through.
I am planning to start an LLC to purchase my first investment property.
Question 1:
Can I use excess depreciation from that property to offset taxes...

Matt Hunter W2 depreciation offset
20 October 2023 | 10 replies

Hello, I am new here and looking for help.  If this is the wrong platform forgive me.  I am an active three year STR investor with 4 current STR properties.  In January of 2023 my business was sold.  :) Unfortunately,...

Priyanka K. Year End Tax Question
24 November 2018 | 7 replies

Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...

Kyle K. Exchanges and Excess Depreciation
17 December 2011 | 5 replies

I was reading an old BP article posted by Jeff Brown regarding the use of excess depreciation and how it could be used in replacement of 1031 exchanges: http://www.biggerpockets.com/renewsblog/2010/01/05/150k-year-exc...

Kent Smith help for a newbie re taxable rental income
15 April 2024 | 7 replies

I have read several threads on this, but I am a newbie and still a bit confused.We are married filing jointly with an income close to 150k last year. We own one rental property. No actual profit last year. Our monthly...

Prashanth Ven Tax loss harvesting
8 August 2023 | 2 replies

Hi Experts,Thinking of selling a rental investment that will probably be at a loss, it also had passive losses. Can I offset any of the below with these losses:1) Short/long-term capital-gains from stock sale2) W2 inc...

Craig Lessler Airbnb - Active or Passive - Deductibility of Losses Schedule C
3 May 2024 | 30 replies

I have a long term rental (SFR) which I converted to an Airbnb in October 2019.  My property manager is acting as the host and we have already had multiple bookings. 
Questions:
1. Is the Airbnb considered "Active" ...