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Updated over 7 years ago on . Most recent reply

Danish New's profile image
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Danish New
  • from Dallas, Texas
  • Member since Dec 26, 2016
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Danish New's profile image
Danish New's profile image
Danish New
  • from Dallas, Texas
  • Member since Dec 26, 2016
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Danish New
  • Dallas, TX
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Buying & Selling Real Estate

Fix and flip question

Danish New
  • Dallas, TX
Posted
Hello everyone, I have a quick question: What if you are a full time employee (W-2) and have done a couple of flips under an LLC and incur a losses in the current year. Could you deduct those losses against your W-2 income? Thanks! Danish
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