Learn how highly paid, highly taxed individuals can navigate real estate tax deductions effectively in this episode The Taylored Tax Show. Terrence and Big Al discuss the IRS loss limitation rules and share insights on leveraging the real estate professional status to maximize tax benefits. Tune in to discover how to overcome passive activity loss limitations and optimize your real estate investments.“The short-term rental exclusion allows the activity of investing and running a rental property on a short-term basis to be classified as active." Highlights:[00:01:20] Real estate professional designation.[00:04:27] Short-term rental exclusion.[00:09:53] Tax-saving strategies for real estate.[00:13:36] Investing in opportunity zones. Follow Terrence and Big AlWebsiteLinkedIn
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