Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network
RealTown HomeBlogsProperty Management SoftwareProperty Management SoftwareNo Loss Limits? Unlimited Tax Deduction?

Property Management Software

Blog by Niman Singh
Fremont, California
T-ReX Property Management Software for real estate investors to save them TIME and MONEY

Categories

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: OMG, Take a Look at What Inman Said About Us
hi mate this is interesting article will make sure...
Question on ancillary charges
I currently work at a very large property in Los A...
RE: OMG, Take a Look at What Inman Said About Us
Thank you for the sensible critique. Me & my n...
RE: OMG, Take a Look at What Inman Said About Us
 I must admit that today is my first time I v...
Colon Cleanse
Hi there, my name is Colon Cleanse.Its Very true...

Archive

Favorite Links

RealTown Blogs

Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A Blog
Log In

Site Feed

RSS Feed

Members that have starred this entry:

United States of America
T-ReX Global has starred 54 Blog Entries.
Fremont, California
Niman Singh has starred 59 Blog Entries.

No Loss Limits? Unlimited Tax Deduction?
Posted at Property Management Software by Niman Singh
Jul. 10, 2008
Categorized in: Property Management Software
Tagged with: material participation, real estate professionals, taxtips
Starred by: 2 Members
No Loss Limit for Real Estate Professionals and Spouses?

Real Estate Investors qualify as "real estate professionals" if they spend at least 750 hours per year on their investment activities. A real estate sales license is not required and either spouse can qualify. Real estate brokers, realty sales agents, property managers, builders, contractors and leasing agents are all considered real estate professionals if they spent 750 hours on real estate business.
For Example:
Say your Adjusted Gross Income (AGI) is $160,000, and as a result, you are not entitled to any rental investment loss deductions because your AGI exceeds $150,000.
However, if your spouse manages your real estate properties and spends more than 750 hours annually supervising the properties, making management decisions, inspecting properties, and supervising property sales and exchanges, then your spouse qualifies as a "real estate professional".
Ride the Loss!
The result is that you and your spouse can claim unlimited property loss deductions from your properties because one of you qualifies as a "real estate professional."

To learn how to take control of your Real Estate and Taxes, check out RealTaxTips at TReXGlobal.com.
Permanent Link | Comments (0) | Write a Comment | Send Link

User Comments

There are currently no user comments for this entry. Be the first to post a comment!

Write a Comment
Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.