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Real estate investors enjoy some of the most powerful tax benefits in the U.S. tax code. That is why many of the wealthiest people in the country consistently invest in real estate. However, using real estate losses to offset W-2 income comes with strict requirements. Not everyone is able to do this.

In this video, tax strategist Karlton Dennis breaks down the rules in detail, including how married couples filing jointly can benefit from specific real estate tax strategies to offset their 1099 or W-2 income. He explains how using some of these strategies have personally helped him to save millions of dollars in taxes over time.

Real estate investing offers more than just cash flow and property appreciation. It can also be a powerful tax-saving tool when used strategically. This video is essential viewing for anyone looking to maximize the tax advantages of real estate, and who happens to be married and file jointly.

CHAPTERS:
0:00 Intro
0:22 Real Estate
1:22 The Best Real Estate Tax Breaks
2:49 So Where Does Your Spouse Factor In?
4:12 Criteria to Qualify for REPS
5:47 Your Spouse as Your Real Estate Professional
8:20 Example: Having Your Spouse Become a Real Estate Professional
10:07 What About People Who Are Single
10:55 Conclusion
11:30 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.

#realestateinvesting #realestateprofessional #karltondennis