Hello Mark and Matt,
Just want to confirm that the (standard) 25K limit on rental real estate loss is at both the federal AND state level. In other words, if I made 100k on my W2, but lost 25K on rental this year, the feds will tax me on 75K. Will the state tax me on 75K also, or full 100K?
Also please do a show on combat zone retirement contribution limits. You always talk about strategies to put away max with back door, front door, side door, but marrying a military member might be the best strategy yet! (~57K limit which carries to both years of deployed over new year).
-11yr SeaBee vet