I'm just wondering if there's an amount that is too much to charge for a loss mit fee. If the buyer agrees to pay 10-15k for a good deal on a property does anyone think there's an issue with that, either legally, eth...

A CPA mentioned that loss limitation allows individuals with income <100,000 can offset 25,000 from their income, but individuals or couples whose income> 100,000 can’t offset their income.  I have listened to s...

Do rental losses limit future borrowing power for mortgages and what is the work around that? Forming an S-Corp?

Hi,  My husband and I are newbies to real estate investing.  We purchased two condos out of state in February.  We are going to do some upgrading and repairs which will result in a loss this year.  Our MAGI is above...

Hello Bigger Pockets.I can't find the answer to my entire question when I search. I am a real estate professionalI had a loss on a rental property last year.My income is over $150,000Can I write off the loss this year...

Can anyone tell me whether the new tax law kept the current passive activity loss limit?

Hi all,I've been reading about the Passive Activity rules that prevent passive losses (eg Depreciation) from being offset against ordinary income. Unless of course, the taxpayer shows material involvement and claims t...

Federal taxes, you're allowed to deduct $25,000 of passive real estate losses against your active income eg w2 income that you actively participate.  They phase out this deduction starting at 100k agi.  However, if yo...

First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...

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,...