Using Rental Real Estate Losses Against Your Other Income

[@FinancialCoachJess]

Info starts at 8:10

[@seeking70]

Had a big activity loss carry forward from a property. Used it to counter the taxes converting a traditional IRA to Roth. Maybe not the most efficient use, but it was painless and brainless.

[@chasemaglangit7954]

Awesome video!!! I always look forward to watching your videos! I’ve been getting back a lot in my taxes for all my “losses” ALOHA!

[@bonitarn5312]

You guys are fun to watch and educational!

[@stephenbuttars9220]

How do you convince a bank to lend you more when showing loses on your rentals?

[@ehj1122]

Don’t banks look at gross income, not taxable income, for the debt-to-income ratio and do their own arithmetics with income and expenses?

[@stephenn88]

They don’t care. Banks will take your house if you cannot pay

[@pamcovey4759]

Thank you for good content. Love it and it would be nice to see the zoom in your white board. Thank you🙏

[@Veteran_Nerd]

Congratulations on 100k subs!!!

[@MarkJKohler]

Thank you!!

[@alexsolhi6364]

Great video, thank you for the informative materials! 🙏🏻

[@karynwhitesuperwoman]

I always learn so much! Thank you!

[@MarkJKohler]

I'm so glad! You are very welcome and I hope you keep learning!

[@jesham7627]

This is freakin' awesome material!! Fellas, please keep this real estate, self-directing and tax/legal advice nerd stuff going strong. Thank you both so much! Happy Independence Day!!

[@dennisdougherty7957]

😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮

[@dennisdougherty7957]

😊😮😮😊😊😊😊

[@iamwilreyes]

Sounds like it's time to get my wife her real estate license!!

[@froylanolmos3394]

Can you offset Capital gains from a sell of a construction business with rental real estate losses, or depreciation ?

[@thevazquezteambrokeredbyex4233]

Always amazing information

[@MarkJKohler]

So nice of you

[@sherrygorman9083]

Thank you for the VERY motivating video!!!!❤

[@MarkJKohler]

You are so welcome!

[@nicweethee]

If your collecting rent from a property in your retirement account do that cash flow get paid back to the investor or into the retirement account?

[@TonettaClay]

Great video and information 👍

[@MarkJKohler]

Glad you liked it!

[@dainacarlisle9751]

Hi Mark, I love your content! Can you create a video on on how to purchase your home for your business?

[@MarkJKohler]

I'll be sure to add that to my list for future videos! I have created a ton of videos where I touch on lots of different Real Estate strategies, be sure to check them out! Please do reach out to my assistant at [e-mail] if you have any questions about your situation. He can connect you with someone who can answer your questions.

[@amandaturner9903]

Taxmatch... I thought it was hilarious!! 😂🤣😂

[@brad265]

Yes! "It doesn't matter if you love them" LOL!

[@khongcolong]

I love you guys! many many Thanks. You get 10 stars from me!

[@MarkJKohler]

Thanks for the 10 stars, and thanks for watching! Keep it up!

[@DavidSmith-lp5tz]

Question: is the $25k deduction for single filers? What about married filing jointly? Does the loss deduction go up to $50k?

[@davanic]

Does an RV Park owner qualify as a real estate business?

[@rumplemcfrankenberg]

Mark, What if all my properties are too profitable and they don't run at a tax loss even right after fully refinancing? Do I buy properties that run at a loss? Do I take advantage of bonus depreciation through some RV investments? Please I need to figure this one out. Faithful Client!

[@anyway_anyway]

Can you use stock trading losses to write off against your income? And do you need a entity to write off losses?

[@JL-xg7xb]

Thanks for the information. Will contact your company for some tax planning. My CPA said my husband and I pay enough taxes to take care most Americans but he doesn’t offer us any solutions. Taxes on 2 high W2 earners is just insane. I had to quit my high paying career.... 4yrs ago due to the taxes.

[@Lolibett]

So now you doing real estate?

[@mightyherc1]

When do you talk about QBID?

[@littlebigfis]

What is the advantage of being a Real Estate Professional (for tax purposes) if you can not use rental property losses to offset non-real estate stock gains, dividends, interest income or other income from other businesses ?

[@StevenEdlundWFG]

Home iffice is the first 30 ft travel commute from irs regulations. Steve from Milwaukee Wisconsin

[@Lolibett]

This rental “loss and depreciation” stuff gotta end. That’s why there is low inventory as properties are being bought up by real estate thieves calling themselves “investors” . How can you be investor if you “loosing” money every year?

[@stevenroshni1228]

I couldn't tell if you for little there if you were serious or not with Tax Match

[@littlebigfis]

23:45 you say Real Estate Professional can take all those rental losses against your day job, W2, "yada, yada yada" and then 39:02 you say you can not use rental losses in operations to offset stock gains. What about dividend or interest income?

[@leopoldomatheus7033]

Can my passive loose offset my Income from capital gains from my flipping houses and stocks ? Thanks

[@glenstull6351]

Had to watch at 1.5 speed to get through all the bs

[@pilotjimbo9309]

I have an interesting question regarding the 50% rule for becoming a real estate professional. I am a corporate pilot that gets paid a yearly salary, but my schedule is 15 days on/13 days off with 2-3 weeks of vacation per year. The math comes out to being scheduled for work 182 days per year as a pilot and having 183 days or more off, which is technically over 50% of the time NOT working in my W-2 job. Would that meet the test requirements for the 50% rule, assuming I am putting in over 750 hours as an active investor/project manager/developer?

[@MarkJKohler]

I start talking about Real Estate Professionals and the qualifications to be one at 22:06. Here's another video about the Real Estate Professional Tax Strategy: kzbin.info/www/bejne/gIPKiKFpidGio6M. Here is also a blog article that I wrote about the same thing: markjkohler.com/the-tax-strategy-of-being-a-real-estate-professional/. I hope you find these resources helpful! If you have more questions, please reach out to my assistant at [e-mail] and he can connect you with someone who can answer them.

[@11nica5]

Great question

[@klax-h5f]

CPA are telling that if I have a real Estate license and it’s my only job I still need to met 750 hour test

[@mattbontrager]

Do you guys cover if they elect to group syndications too!?

[@mcbcinc]

If you start the dating app, I'm in! 😂😂

[@robertjimenez2796]

As i work on a strategy of taking 401k taxable income either at 55 or 59 at the latest, can i invest in real estate during those years, keep my earnings under 100k and qualify for the real estate professional rental losses (if i have any) to help with as a tax reduction strategy with depreciation and passive income pass-thru losses? Meanwhile, i can rollover income into roth iras as well and try and reduce any taxable income until 70 or 72 when i will be required to take an RMD.?

[@sz4179]

Considering the horrendous odds of divorce the tax return matched match maker service, no love required, might make fir more successful marriage s😅

[@rumplemcfrankenberg]

I'm so glad you guys don't care about humans as lawyers, keep up the good work. NO MERCY!!!

[@aarema291]

Ask landlords how they are suffering from Property Tax.

[@aarema291]

Government can simply increase Property Tax to turn your real estate dream to nightmare. And they are doing it.

[@Lolibett]

It will increase their “losses” and pay even less or no taxes

[@MsElaine122]

Just my views; Real estate Pro if audited will get you a worse outcome especially if you didn't 1099 every contractor. My rentals net out highly positive cash flow. I stopped checking the RE Pro box some years ago. I can't use any of these tips to have RE losses net out other income. And unless you own rentals in insanely high cost states, here in GA buying nicer 3/2s that are close to 1% net out so much possitive cash flow theres rarely a house with a loss. And I dont belive in cost seg either unless you have special situatiojns or are planning on selling out in a few years.

[@onenonam]

"The Black rapper" Simply referring to gum as a rapper would suffice.

[@deehollywood6013]

Did he say the black rapper, 😂

[@chrislaflair4484]

The jokes are cute, but would be much smoother follow and shorter vid without

[@dennismc8145]

Stop the jokes. Love the information, your jokes are just awkward

[@AdrianDCox]

The moment you said "There's a Black Rapper, 50 cent..." I unsubscribed and ended listening...On a business channel, I'd like to hear the day that you hear the phrase "There's a White Pop Star, Billy Joel".......

[@moet131]

I hated that too & it sucks because these guys are full of knowledge but def a HUGE turn-off

[@shaunlorenzo1160]

Do u have an alternative source of information?

[@AdrianDCox]

@@shaunlorenzo1160 I'm not advertising or advocating for another source of information. I am pointing out that political opinions and biases masked as objective thought, is as outdated as Jim Crow laws and politics Dog Whistles of the past.

[@Darkside-me4my]

That was a “weird” thing to say. 🤦🏿‍♂️

[@sherrygorman9083]

Bye Sir!