LP if this is $50,000 position versus a $1mm net worth, take the hit and “harvest” the loss against your other income.  

I am a busy doctor with some cash I have been saving for truly passive investment opportunities as I am limited with time right now. My father in law is a real estate professional and my wife is a “partner” of his in ...

Also, I think the problem is because it's a ranch, cattle farm, and hay harvesting.

I want to add the stability of real estate into my portfolio and patiently grow that investment and harvest the tax benefits of long-term investment.

“Of course, any harvested losses from previous years that have not been offset by gains will be applied against the current year gain,” McGuff says.

So the conclusion is that it will just come down to "planting the seeds and reaping the harvest" at a later date."

.- Capital losses can offset gains (Short term offsets short-term and long-term offsets long-term)- Tax loss harvesting - If you have other investments (At a loss) sometimes you're able to sell them and offset your gain- Charitable giving- Paper losses from your investment propertyWith some more information, we can hone in on which options would be applicable for you.Hope this helps!

There are plenty of investors who will harvest tax losses in order to reduce their taxable income and save money year after year.

For instance, depreciation on whatever property you are buying or something called "tax-loss harvesting" where you sell investments at a loss to offset the shares that are at a gain. 

He is 20 years younger than me, thus will outlive the initial harvest.