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Updated about 9 years ago, 12/23/2015
Reduce Taxes Through Rental Property?
Hello,
I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start a real estate holding company to reduce taxable income? How does the tax side of property management work? Please advise if there are any strategies out there to move some tax free money into real estate investing...
Thanks,
Jeremy