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Updated almost 3 years ago,

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Nicholas Overby
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Depreciation and paying zero tax

Nicholas Overby
Posted

I have roughly a $100k/year taxable income between w-2 and some self employed activities.  I want to buy rental property, but my accountant says that I can only take up to $25,000 in losses, but thats only if your income is below $75k.  

The bigger pockets real estate podcast #569 gives the impression I can make my tax bill $0 through rental property no matter how much money you are making.  Can someone lay out an example of how I could start investing in real estate and lower the tax bill with my scenario?  I have about $100k to start with currently.  Thanks.

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