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Updated 10 months ago,
How to get the tax advantages against W2 income
Hello,
I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the properties.
As I understand, we don't get any advantage in the real estate losses against my W2 income. Are there specific conditions that are required to claim a loss for my wife since she worked on rental properties?
Thanks.