OK as I understand the tax rules this will not work. I have two rental homes I list on airbnb as short term rentals and I have been taking paper losses for years. But these losses are capped for basic short term rentals at a maximum of $25K per year (and that is total, across all rentals, not for each one), This cap is reduced $1 for every $2 of adjusted income over $100K, dropping to zero with an adjusted income (before deductions and rental losses) of $150K. See tax form 8582.
With a pension of $150K, you will be capped at $0 in losses.
This applies even with "non passive" participation.
I am a big chatGPT fan, but I wouldn't rely on it for tax advice before making a $500K purchase!
mike b
With a pension of $150K, you will be capped at $0 in losses.
This applies even with "non passive" participation.
I am a big chatGPT fan, but I wouldn't rely on it for tax advice before making a $500K purchase!
mike b
Statistics: Posted by mikeb123 — Sun Nov 09, 2025 9:55 pm — Replies 3 — Views 509