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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
Taxation of Partnerships
i have probably six or seven l o cs where i own somewhere between forty five and 50 residential properties between em. And those are taxed as partnerships, yes, ok. The income from an as corporation, theoretically can be offset with the losses from a partnership,. Because those both flow through to your personal tax return. So what we want to look at is, first question i'm going to ask you is, so do you qualify as a real estate professional? By my understanding? Yes. Ok, so we've got that. We've met that passof lost rule, that pass of loss test. Do you spend more than 500 hours when you take allyour properties together, do you spend
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