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Updated over 9 years ago on . Most recent reply

User Stats

97
Posts
22
Votes
Jem J.
  • Investor
  • Philadelphia, PA
22
Votes |
97
Posts

RE loss not beneficial

Jem J.
  • Investor
  • Philadelphia, PA
Posted

We own several rental properties with excellent ROI. These props are all under our personal name. Our combined taxable income was more than what the government considers as way above the threshold, therefore, we cannot benefit from our business loss. We actually have to pay a good sum back to federal tax every year. Anyway to get around this? We are planning to acquire more RE.

Thanks!

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