How to Use Rental Losses to Offset W-2 Taxes!

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When used correctly, certain real estate investing strategies can be used to dramatically reduce W-2 taxes. This is because they can offset W-2 income. However, keep in mind that this does not apply to all types of real estate investing. In fact, there are only a few real estate investing strategies that will provide this benefit.

In this video, tax expert Karlton Dennis explains exactly how to use rental losses to offset W-2 income to reduce taxes. Real estate investors who are able to offset their W-2 income can potentially reduce their taxes by 50-100%. In other words, using these tax strategies can be a complete game-changer.

Many people want to get started with real estate investing, but they don’t know how to do so in the most tax-advantaged way possible. If you do not choose the correct real estate investment strategy, you will not be able to use your rental losses to offset W-2 income. That is why this video is so important for real estate investors to watch.

CHAPTERS:
0:00 Intro
0:15 Understanding the Passive Activity Loss Rules
1:30 Real Estate Professional Status
3:17 Short-Term Rentals
4:41 Short-Term vs. Long-Term Rentals
5:39 Accelerating Depreciation
8:55 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxplanning #realestateinvesting #shorttermrentals