Brody Veilleux
Loss Harvesting in Real Estate
21 November 2024 | 4 replies
@Brody Veilleux Loss harvesting in real estate allows you to offset capital gains by selling a property at a loss, which can also offset gains from stocks or other investments.
Mary Jay
Insurance question about loss
15 November 2024 | 7 replies
@Mary Jay why did you report it if there was no loss coming out of your pocket.
John Davey
Tax Loss AGI +150k
13 November 2024 | 8 replies
Hi John - Under the passive activity loss (PAL) rules, you can deduct rental losses against passive income.
Scott Trench
REPS And Active Losses and Gains
16 November 2024 | 21 replies
As long as one person is a real estate professional, you can usually use rental losses offset joint income.
Janet Behm
HAS-FSA Deadline is Year-End
14 November 2024 | 0 replies
Spend like cash for medical weight loss, hormone therapy, IV infusions, aesthetics, specialty treatments, supplements, and more!
Janet Behm
HAS-FSA Deadline is Year-End
14 November 2024 | 0 replies
Spend like cash for medical weight loss, hormone therapy, IV infusions, aesthetics, specialty treatments, supplements, and more!
Harsha G.
Private Lending - Passive Losses on Schedule E
20 November 2024 | 6 replies
.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?
Rud Sev
Carry back or forward loss from sale of real estate
19 November 2024 | 6 replies
@Rud Sev Your Section 1231 losses from the sale of rental properties were likely correctly reported on Form 4797 (Part I) as ordinary losses, allowing them to offset all types of income.
Johnny Smith
Best way to take advantage of tax losses when you make over 150.
19 November 2024 | 12 replies
Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck
Sattir Bitti
Passive Activity Loss to offset gain on sale of another rental property
12 November 2024 | 2 replies
I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.