taking advantage of passive losses

[Ryan Fox]

Tax question. I am not a real estate professional. However, I accumulate a good amount of passive activity losses from rental properties. An opportunity has come along to partner or JV with a company that does a number of house flips. I would be the capital provider and not be active in the partnership. Is there a way to structure the relationship so that I get passive income that offsets my passive losses, thus resulting in no tax owed? Thanks in advance!

[Basit Siddiqi]

If you structure the deal where you are a non-managing member or limited partner with no say in operations, you will be deemed passive and your income will be passive income.