Written by: on , Information Verified by a CPA.

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

A Short Read

Topics

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

    Subscribe to The Tax Smart Real Estate Investors YouTube channel for more answers to real estate tax questions!

    Recent Articles

    ★★★★★

    After working with multiple CPAs, we didn't think we'd ever find the right one. However, working with The Real Estate CPA was easy, quick, and efficient. They answered all our questions till we understood, this is exactly the kind of relationship we were looking to build with our CPA so that we can grow our tax knowledge.

    Dominic and Jessica Franco - Business Owners