45 \\ Turn Real Estate Losses Into Tax Savings With This One Ownership Change
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 09 Oct 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/45-the-ugly-side-of-real-estate-investing-tax-edition/
If you own rental properties but your passive losses are stuck on your tax return because you earn too much to use them, this episode is for you. Tiffany explains a straightforward strategy that lets high-income business owners and investors unlock those losses and put them to work. She breaks down how adding your spouse as a passive minority owner in your business—or investing in a separate business—can create passive income that offsets those real estate losses. You’ll learn who this works for, what the IRS considers a “passive owner,” the thresholds to watch, and why this approach can save you thousands in taxes every year instead of waiting until you sell a property.
Next Steps:
💰Pay Less in Taxes – Start Here! 💰
☎️ Are you overpaying in taxes every year? Schedule a FREE discovery call to find out!
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