This could help reduce your taxable income, depending on your eligibility.If you’re itemizing deductions, consider making charitable donations as well.

If that other business is an S corp, and you are interested in reducing your taxable income, there is hope there.

This is useful to you because the loan pay-down is taxable income even though you haven't put it in your pocket yet (Only the mortgage interest is deducted on your taxes). 2.

The property is under their name but I’m thinking of moving it to an LLC (they would still be primary owners of LLC)z  Any strategies anyone would recommend to do this without creating a taxable event?

If I buy multi family comm real estate via a RE LLC company with my Roth IRA does the rent income become UBIT taxable ?  

If I sell my investment property for 1.3 and the strike value is 1.1 for replacement property, there will be a 200k taxable boot.  

Prior Participation Test: The individual materially participated in the activity for any five taxable years (whether or not consecutive) during the ten taxable years that immediately precede the taxable year.6.

This could significantly boost your cash flow by reducing your taxable income in the early years of holding each property.Also, as you approach your goal of 10 properties, consider looking into portfolio loans.

ALL taxable gains carry over for the rest of your life or until you choose to sell without exchanging.

Basically, Congress does not want you to offset your W2 income (actually, any type of taxable income), for obvious reasons.