Yeah it’s basically where you can deduct expenses on a rental against that property’s income ONLY…. Unless you’re a REP, then you can depreciate the building over 27.5 years (or sooner with accelerated depreciation) AND any losses on properties can be deducted against your active income. And to become a REP, it’s a timed test not an amount of income test.
2026-08-16 05:15:14
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Frankies Frozen Treats :
taxes
2026-08-18 03:01:31
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sippingcoffeeontheporch :
It’s not a loophole. It’s tax law. There are no such things as loopholes.
2026-08-15 13:51:23
1
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