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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
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