“Thank you as always for the very informative podcasts. Another tax strategy I have seen mentioned but wanted to know if it was legitimate to explore was to turn active income into passive so that passive losses could be taken against it. The strategy I had seen was to split ownership of a professional llc s or c corporation with a trust or limited partner so that part of ownership could also own real estate without material participation and take the real estate losses against the profit from the corporation. Are you familiar with this being used? If so, is it legitimate and supported by tax law? Thank you.”
important topic via Apple Podcasts ·
United States of America ·
10/05/23