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Updated almost 2 years ago on . Most recent reply presented by

User Stats

91
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30
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Jason Sung
  • Investor
  • Dallas, TX
30
Votes |
91
Posts

Rental property loss toward W2 income

Jason Sung
  • Investor
  • Dallas, TX
Posted

Hi BP community. Last year, I bought two properties and they had losses. My CPA used the loss against my W2 income Is this a normal practice? Based on a BP episode I listened to recently, this is only OK when I (or my spouse) am a real estate professional, or I am using Short Term Rental loop hole. 

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