Income Tax '13

[Paul65K]

I am sure your CPA tells you this (I am not one and this is not tax advice ) but if you ever have any problems with your Adjusted Gross Income being to high causing you to hit the Phaseout Limit (limiting your Real Estate Losses) if you do a little planning through you and your wife's 401(k) plans or other retirement plans you may be able to get your AGI low enough to stay under the Phaseout Limit.

Or..........if you're a "Real Estate Professional" you can also find a way around this limitation if you fall into the AMT category...........again not legal/tax advice but something to make sure you ask your tax preparer.