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Apr 29, 2024
7:21:33pm
johnnybyu Truly Addicted User
Active investors rules would apply needs to be main job or limit of 25k and
Income has to be under 100k. If you are a high earner doing it passively you are not going to set off big losses or you will be audited

Stessa

Understanding Passive Activity Limits and Passive Losses [2023 Tax...

See if you can offset certain losses from rental property and if the real estate professional status makes sense for your rental business.

https://www.stessa.com/blog/passive-activity-limits-passive-losses/
This message has been modified
Originally posted on Apr 29, 2024 at 7:21:33pm
Message modified by johnnybyu on Apr 29, 2024 at 7:23:03pm
Message modified by johnnybyu on Apr 29, 2024 at 7:24:30pm
Message modified by johnnybyu on Apr 29, 2024 at 7:26:58pm
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johnnybyu
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johnnybyu
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