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Updated 10 months ago,
Tax advise for high earner w2 couple.
Hello,
Me and my wife both work fulltime on w2. we are planning to start investing in the real-estate this year. I am not sure how I can take advantage of the rental losses here. As I went to one of the tax classes and they told that we have to be working more hours in the rental property than our w2 job.
I am not sure what will be the best course of action will be here.
Any help appreciated.
Jinesh