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Updated about 7 hours ago on . Most recent reply
Investing as LP in passive income properties
I also have a rental property. My rental property generates passive losses from depreciation
If I invest as LP in passive income generating properties then I presume I can cancel my passive losses on schedule E from rental with portfolio income (K1) from these rental properties. Is this correct?
That seems like free money :-)
How does one find fully depreciated assets that are generating passive income. Mostly I see investment opportunities which have passive losses due to depreciations.