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Provision for Losses Limit

A downside to the Act:

  • Real Estate professionals can still deduct losses against income
  • Losses now limited to $500,000 per year

Transcript

Ken Weissenberg:

As a downside for real estate owners, if you're a real estate professional, which many of my clients are, you get to deduct your losses against any other types of income that is treated like an active trade of business.


Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.

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