Not feeling well. See you guys next week.

I have a few real estate syndication investments as a limited partner, and my spouse is a full-time real estate professional (residential rental). I recently heard that we might be able to make a grouping election to combine all our syndication activities so we can take advantage of bonus depreciation and passive loss deductions. From what I understand, the main concern is that since we’re LPs, grouping could potentially expose us to being treated more like general partners — which we’re okay with. My spouse could also document the time she spends advising or helping with some of these properties. Has anyone here gone through this grouping election process before? 1. How to properly make the election for the 2025 tax year? 2. What kind of documentation is needed in case of an IRS audit (logs, agreements, proof of material participation, etc.) Thank you!

Hello! Looking to buy an F150 via our LLC and use as tax writeoff for our short term rental here in CO. What do we need to be aware of if we buy all cash or finance? Does it need to be done in the calendar year we launched the property? Can it be in our personal names or does it have to be in the LLC? Thank you!

I would love clarification on this. For years my rental income in a pass through partnership has been taxed as ordinary income and subject to 15.5% Self employment tax. I learned here that it should have been reported as rental income. I have researched and since it is just short term rental income no other services rendered what is the proper way to report it?

Hi all, my husband and I closed on a cabin in the Smoky Mountains in September, are well on our way to exceeding the MP rule, and have done the cost seg. We were wondering— is it too late for 2026 to find another property to offset W2? We could close, do a cost seg, and put it up for service before year end, but we may not get to the 100+ hours. Do the hours have to be before year end, or before April 15th? Thank you!