SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice

45 \\ Turn Real Estate Losses Into Tax Savings With This One Ownership Change

Oct 9, 2023 · 14 min · 18.2 MB
0:00-14:02

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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.

 

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