Investment property wright offs and your W-2 taxes

Rental Property Investor · Southern California · Member since 2018 · 3 posts · 24 votes

I'm new to the income property world and this will be my first year with rental income. My wright offs out weight the income that came in on my 4 Plex for 2019 can those wright offs be used to off set my W2 taxes?

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Rental Property Investor · Harrisburg, PA · Member since 2019 · 77 posts · 20 votes
6y
You can use it to offset w2 , only if ur a real estate professional and ur MAGI is less than 100k
If not, you can carry forward this loss to future years where you can use it to offset future rental income ("passive") positive cash flow.
https://ttlc.intuit.com/commun...
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