Looking at one of my rental properties, I take almost a $23,000 deduction on it each year due to a “loss”.
Do I really lose that much each year?
But the IRS allows us to take that degree of loss based on how much the property depreciates each year.
This is what’s called a “phantom expense”.
You don’t really lose money, but the IRS lets you deduct it as if you actually did.
That’s the true power of rental properties.
Especially as you may be able to use this “passive loss” to offset against other types of income.
Very powerful stuff.
And tax attorney Bill Noll will show us how to make that number even higher.
That makes it’s super-powerful stuff.
I take all my deductions. Don’t you?
(Why wouldn’t you?)
Want to learn about all these great, legal & ethical ways of using tax law and legal entities properly to save money?
Now that we finally have a truly growing economy, you need to be very pro-active with your tax planning.
Tax Attorney & CPA Bill Noll will show you how.
Come to our 2 events next week:
#1. “The Power of the Right Structure: The Foundation For Keeping What You Make and Protecting Your Assets Without Expensive Lawyers” with Tax Attorney & CPA Bill Noll
Thursday November 9th at the Traction REIA Main Meeting at the Sheraton Tysons Corner
#2. “Total Wealth Protection for You and Your Family” MasterClass Training Intensive with Bill Noll, Tax Attorney & CPA.
Saturday November 11th at the Sheraton Tysons Corner.
Reserve Your Seat Now at:
Traction Real Estate Mentors