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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Real Estate Podcast
Passive Losses - What Makes Something Active Versus Passive Income?
People focus all the time on this real estate professional and people go, wolf, i can't be a real state professional. So how do we get to use those losses? Here's the key. Passive loss means it's not deductible, except against passive income. The other side of that is if you could turn active income into passive income, you could accomplish exactly the same result.
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