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Updated about 10 years ago,
Business losses on real estate for high income earners
Hello,
My LLC owns 2 apartment buildings (60 units and 35 units) that are going to experience a relatively significant loss this year after depreciation and expenses. I am a "high income earner" because of my income from work and have not been able to claim any losses from the apartments since owning them. Am i missing anything? Does anyone know any ways to capture any of these losses to bring my personal income down? I know that i can carry the losses forward but would love to claim it this year.