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Owned by Ryan

๐Ÿ  Lower Taxes w/ Ryan

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261 contributions to ๐Ÿ  Lower Taxes w/ Ryan
Business loss cap - 2025
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
0 likes โ€ข 3h
@Shashank Agarwal correct, but they still carry forward as NOLs so you can use them in the future
0 likes โ€ข 3h
@Shashank Agarwal both active losses and rental loss that become active.
1099 Quarterly Taxes
Hello! Iโ€™m new to this community and recently transitioned to a 1099 contract role starting in early March. Iโ€™ve been hearing a lot about quarterly taxes and wanted to askโ€”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.
0 likes โ€ข 6d
@Jackie and Chris Roberson there will be if you donโ€™t pay in at least 110% of your last years total taxes by the end of the year. If you look at your prior year return line 24, take that number and multiply it by 110%, thatโ€™s how much you need to pay in by the end of this year in order to not incur a penalty.
0 likes โ€ข 3d
@Jackie and Chris Roberson @Brian Stovel, CPA
Excess Business Loss Limit
@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.
0 likes โ€ข 6d
Thereโ€™s no way to limit it. If you ask me tho, itโ€™s kinda helpful because it prevents you from taking deductions at 10-12% tax brackets.
Multiple partners and Bonus Depreciation
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.
0 likes โ€ข 7d
Yes
I just signed up for with Ryanโ€™s group as my CPA
I didnโ€™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! Iโ€™m so excited to learn from everyone. We just bought our fifth property and are currently remodeling it in the 30A area.
0 likes โ€ข 7d
Wow congrats! Are they all by 30A? @Jackie Lyon
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Active 3h ago
Joined Aug 8, 2025
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