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Buy a Building, Rent to Your Business, & Avoid Passive Losses [Tax Smart Daily 038]

A Short Read


Table Of Contents

    You can claim losses from your rental and deduct them from your business revenue if you rent your own real estate to your own firm. However, there are some self-rental guidelines to follow. Learn more about self-rentals and how to minimize passive losses in this video from The Tax Smart Real Estate Investors YouTube channel.

    Listen in to learn:
    • The self-rental rules
    • Making an election to group the rental activity with your business
    • Making all income and losses from the rental activity non-passive

    Subscribe to the YouTube channel for more answers to real estate tax questions!

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    Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

    Mike Dymski - Business Owner