1: No REPS, No Problem - Passive Loss Tax Planning For Everyone Else
In this episode of Real Estate is Taxing, host Natalie Kolodij discusses the misconceptions about using rental property losses for those not identified as real estate professionals.
She clarifies that passive losses from long-term rentals can still be utilized to offset passive income, highlighting the tax advantages of rental income and explaining passive activity loss rules.
Finally, Kolodij teases a future episode dedicated to reducing or eliminating unrecaptured Section 1250 gain, inviting listeners to subscribe for more insightful tax planning tips.
00:00 Introduction to Real Estate Tax Insights
00:35 Debunking Real Estate Tax Myths
01:41 Understanding Passive Income and Losses
03:10 Maximizing Passive Losses: Strategies and Benefits
04:44 The Power of Depreciation in Real Estate
09:28 Navigating Passive Loss Limits and Opportunities
13:56 Planning for Future Tax Benefits with Passive Losses
18:15 Depreciation Recapture: What You Need to Know
22:36 Conclusion and Teaser for Next Episode
