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Updated almost 4 years ago on . Most recent reply presented by

User Stats

33
Posts
4
Votes
Jay Pillalamarri
  • Investor
  • Seattle, WA
4
Votes |
33
Posts

Need to show 250K loss. Strategies?

Jay Pillalamarri
  • Investor
  • Seattle, WA
Posted

I'm doing tax planning for the next year. Looking for strategic guidance from an investments standpoint (of course I'll work with my CPA on the details)-

1. My individual taxable income in 2021 (after all deductions) = 250K 

2. Cash $1M (for investments this year)

3. I need to create a loss from real estate investments of 250K to pay zero taxes in my personal 2021 filing.

Here are some questions I've been pondering over-

A. What's the value of the rental RE portfolio I need to buy to create this loss?

B. What's ideal leverage will accomplish this goal? Any other accounting guidelines such as depreciation methods etc. that could help?

C. Any other RE/non-RE ideas which can help me accomplish the above goal.

Thanks!

      Most Popular Reply

      User Stats

      38
      Posts
      38
      Votes
      Rick Ortiz
      • Rental Property Investor
      • Philadelphia, PA (19148)
      38
      Votes |
      38
      Posts
      Rick Ortiz
      • Rental Property Investor
      • Philadelphia, PA (19148)
      Replied

      @Jay Pillalamarri

      Send me $250k. I will lose it for you. Win ..win for both of us

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