Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

12
Posts
0
Votes
Michael Overall
0
Votes |
12
Posts

Help with QBI loss carryover

Michael Overall
Posted

Good day, I was looking for some help with QBI.  

I am retired with a pension and started using real estate to help with taxes and build long term income. I BRRRR full time and have no other work. I meet the requirements for real estate pro and I grouped my properties. This year I paid some taxes but was able to reduce it.

I have a large (150k plus) QBI loss carryover.  Seems that these are not really good by researching the topic. 

For entity I have a basic LLC partnership with my with my wife that is a pass through and am in Texas.

Is there something I can do or to focus on, so I can take advantage of this loss. 

      Investment into a cash flow entity in my company name?

      Buy more real estate?

Any info or ideas would be very appreciated, I am very new to all this and learning fast as I can. 

Thanks for the help/ input

Loading replies...