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26
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Andrew Merewitz
  • New York City, NY
2
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26
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Advice on how to take advantage of passive activity losses

Andrew Merewitz
  • New York City, NY
Posted
So I make over 150k in W2 income and should continue that for the foreseeable future. Given that, how can I take advantage from a tax perspective of losses on passive activity from owning rental properties? I imagine that if I was going to sell, at least these first properties, it'd be a 1031 to buy a larger one, which from my understanding you can't deduct carried over losses on since it isn't a taxable event. Thanks for any help!

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