I own multiple rental properties that generate massive passive losses, can I use those losses to offset my W-2 salary if I qualify as a real estate professional?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Whether rental losses can offset W-2 wages often depends on how the rental activity is classified, whether the real estate professional tests are met, and how materially the properties are managed during the year. The answer also commonly turns on whether the losses are treated as passive or nonpass For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.