Is there a maximum amount/cap to the business losses that can flow into W2/1099 income if showing active participation in STR? @Ryan Bakke, CPA

Hello! I’m new to this community and recently transitioned to a 1099 contract role starting in early March. I’ve been hearing a lot about quarterly taxes and wanted to ask—do I need to start making payments by 4/15? If so, how do I go about setting that up, and how would I calculate what I owe? For context, my income is split about 75% 1099 and 25% W-2.

@Ryan Bakke, CPA I was looking for ways to increase my Bonus Depreciation in 2026, but I just learned of Section 461L that limits excess business loss to $512K for a married couple filing jointly in 2026. Is this true? Is there any way around it? I ask because I'm retiring this year, so carrying over the excess to next year won't really help me, I need the deduction this year. Thanks.

Let's say I partner with a couple of investors and we purchase a multifamily unit and plan to manage it ourselves. WE each log in our 750 hours to qualify as REP status. IN that situation can we all get a share of the "bonus depreciation" from the property and be able to off set our W2 income ? Thanks.

I didn’t even know this group existed. I have signed up for his tax strategy group and what a bonus this is. How did I go a whole month and not know this Community is here! I’m so excited to learn from everyone. We just bought our fifth property and are currently remodeling it in the 30A area.