Increasing W2 deductions to prevent getting a refund.

[Brennan Butler]

First off, I’m not trying to do anything illegal I’m just asking if this is a plausible scenario.

Also, I believe my title should read dependents instead of deductions. Sorry.

I have a W2 job and one rental property.

Generally I believe my property will be showing very little profit and likely a loss as far as taxes.

If my W2 job is withholding taxes based on my income and my rental property is actually generating a loss then my W2 job would theoretically be over taxed.

Have any of you increased your W2 dependents in order to prevent getting a refund at the end of the year?

Thanks