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Updated almost 12 years ago,

Rick S.'s profile image
Rick S.'s profile image
Rick S.
  • from new york, New York
  • Member since Mar 2, 2013
Connect

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11
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Rick S.'s profile image
Rick S.'s profile image
Rick S.
  • from new york, New York
  • Member since Mar 2, 2013
Connect
Rick S.
  • new york, NY
1
Votes |
11
Posts
Tax, SDIRAs & Cost Segregation

Gross Income Thresholds to claim real estate deductions / losses

Rick S.
  • new york, NY
Posted

My wife and I are new to the forum and to real estate investing. We are fortunate to have joint income in the $350k range combined.

We have read a lot of various articles and such but have a BIG question...

Based on our income level, can we still qualify for real estate deductions on our taxes and how about claiming real estate losses? We set up an LLC to act as the property manager to have expenses flow through the LLC.

Thank you all in advance!!

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