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Updated about 7 years ago,

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6
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0
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Missy Price
  • Charlotte, NC
0
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6
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HCE Wage Earner with Rental Properties - Tax deduction & Pass-thr

Missy Price
  • Charlotte, NC
Posted

Hello Forum members, I need your help. I am a W-2 Wage earner with adjusted income above $150K and unable to deduct the rental losses on my 2 properties. I have a registered LLC, but the properties are not titled in the LLC name (also mortgage on the properties). Is there a way to get the losses deducted through the LLC? Also, the new GOP tax plan is very generous for pass-through entities. I was wondering if there is a way to claim the loss through the LLC to allow for tax deduction without transfer of the title to the LLC. Thank you.

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