@Ryan Bakke, CPA - yes. That’s what my current CPA tells me. Just to confirm my understanding: does this mean there’s effectively no benefit to generating or claiming depreciation beyond the ~$626K limit in a given year, since the excess would simply carry forward?

@Ryan Bakke, CPA also is this cap on active or passive losses?

@Mason Kimball, CPA - is the material participation hours 100hrs? Or 500?

Hi Ryan — neurologist here. First, I want to reassure you: you don’t need to panic or jump straight to anything invasive. You do not need a neurosurgeon for what you described. What your son truly needs is a strong pediatric neurologist or developmental/behavioral specialist who regularly works with OCD, ADHD, anxiety, and learning disorders in kids. They’re the right people to help clarify what’s real, what’s noise, and what the best evidence-based path forward is. I’m an adult neurologist, but I’m happy to connect you with trusted pediatric neuro experts I know — they’re based on the East Coast (NY), but they’re excellent and at least can help guide next steps. If you want an intro, just let me know. You’re doing the right thing by seeking real expertise before moving forward

That’s awesome. That’s a testament to your dedication to impart financial and tax related knowledge

@Ryan Bakke, CPA - Watched all the videos of level 2, what else needs to be done to advance to level 3

@Camille Hoheb Thanks. Just scheduled one