As an RE investor, do you pratically loose the tax benefits when you make over 150K a year in salary for your day job? I know you can deduct expenses from your rental income, but is that it? Im I missing something? If the property is cash flow neutral or slightly positive then there is little incentive for investors who have high salaries from their day jobs.
your losses are “suspended” until you sell the property or you have a low year of income.
Up to $26K in schedule e losses can be applied against your regular income. Just load up on the schedule e expenses. There is a line for “other.” I love “other.”