How do I lower my W2 income?

[Stephen Thomas]

HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased the rental this year. Neither of us will qualify as “real estate professionals”. We have another 50k liquid (asIde from reservse) and I am wondering what I should be doing with this money in the next 2 months to potentially offset this years very high W2 income. We operate the property mangement out of an llc. Would buying another house help this equation significantly? Is there a simple solution that I am missing?

[Account Closed]

Here's what you gotta do. Go to your employer and tell them hey you need to stop paying me because all this money is going to cost me too much in taxes. Then at the end of the year you'll have a lower W-2, maybe significantly lower. ;) HAPPY FRIDAY!