n****q 发帖数: 464 | 1 For example: rental property lost $10K:
-10K = rental income 20K - 30K cost (including mortgage interest, property
tax, depreciation, maintains, etc);
Based on passive active loss limitations, this 10K loss could not be used
for income deduction.
有啥招,可以让 a part of loss 用于 income deduction?
谢谢! | m*******i 发帖数: 8711 | | n****q 发帖数: 464 | 3 how to turn rental property into a business? Detail please ...
【在 m*******i 的大作中提到】 : run as a business
| h*******s 发帖数: 3932 | 4 First, cut your income below 100k, at least below 150k..
【在 n****q 的大作中提到】 : For example: rental property lost $10K: : -10K = rental income 20K - 30K cost (including mortgage interest, property : tax, depreciation, maintains, etc); : Based on passive active loss limitations, this 10K loss could not be used : for income deduction. : 有啥招,可以让 a part of loss 用于 income deduction? : 谢谢!
| n****q 发帖数: 464 | 5 Yes, it is too late to do it :-(
I think about moving a part of property tax and mortgage to schedule A,
because I lived in that house for a part of last year.
Should it be OK?
【在 h*******s 的大作中提到】 : First, cut your income below 100k, at least below 150k..
| h*******s 发帖数: 3932 | 6 should be ok.
【在 n****q 的大作中提到】 : Yes, it is too late to do it :-( : I think about moving a part of property tax and mortgage to schedule A, : because I lived in that house for a part of last year. : Should it be OK?
| t**y 发帖数: 148 | 7 may I ask a question here:
"To “actively participate” you must own at least 10 percent of the
property and make management decisions in a significant
and bona fide sense, such as approving new tenants and improvements, and the
establishing rental terms."
If I hire an agent to manage the property, but I still need to approve any
repair/improvement, can I be considered as "actively participating"? | h*******s 发帖数: 3932 | 8 tony or 77 can answer you. but as a full-time turtle worker, u may get audit
?
the
【在 t**y 的大作中提到】 : may I ask a question here: : "To “actively participate” you must own at least 10 percent of the : property and make management decisions in a significant : and bona fide sense, such as approving new tenants and improvements, and the : establishing rental terms." : If I hire an agent to manage the property, but I still need to approve any : repair/improvement, can I be considered as "actively participating"?
| t**y 发帖数: 148 | 9 hmmm
thanks...
audit
【在 h*******s 的大作中提到】 : tony or 77 can answer you. but as a full-time turtle worker, u may get audit : ? : : the
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