4min snip

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982: Friday Q&A: Learning Spanish, Financial Windfalls, Tax Preparers, Paperless Finances, Podcasts vs. Books, Effeminate Men at Church

Radical Personal Finance

NOTE

How to Deduct Passive Losses from Active Income in Real Estate Investing

You can't deduct passive losses against active income beyond $3,000 per year. To benefit from larger passive losses, you can try to become a full-time professional real estate investor. The spouse can become a full-time active investor while the other spouse maintains their job or business. This allows for more deductions against business income and creates an efficient wealth-building structure.

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