@edwardcollins_upleveled: One of the ways you can use your passive real estate losses to offset your active W-2 income is by qualifying for the short-term rental exception. If you rent out properties where tenants stay an average of 7 days or less, and you invest at least 100 hours annually while ensuring no one else works more than you in the business, you may qualify for this passive activity loss rule exception. I've released a full length video where I cover how you can use your real estate investment losses to reduce your W-2 income. Check out my YouTube channel for more info. #RealEstate #GetUpleveled LF0012_SF03

Edward Collins

Open In TikTok:

Region: US

Sunday 18 August 2024 16:01:49 GMT