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Offsetting Passive Gain With Passive Losses [Tax Smart Daily 045]

A Short Read


Table Of Contents

    Most CPAs will advise you that losses from one passive activity cannot be used to offset gains on the sale of another passive activity. That is not the case. If your CPA has the same opinion, here's what you should request.

    Check out this video to learn more. 

    Listen in to learn about:
    • Offsetting passive gain with passive losses
    • What to request from your CPA

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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