Professional Investor: can offset spouse's income?

1 Reply

If I log the requisite 750 hours of real estate-related work a year and claim to be a professional investor, can I use my tax deductions from real estate to offset my spouse's ordinary income?  Or is the professional investor loophole only to offset the professional investor's income?  We do file jointly and the properties are in both of our names.  Thanks in advance!

This is probably a better question in the tax section, but if you meet the definitions of running a business, other than limits on claimable losses I don't see anything wrong with your strategy. 

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you