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May 20, 2024 | read

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

Brandon Hall

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!