If you own rental real estate, you may have annual tax losses, because allowable deductions exceed rental income. This can occur even with a property that throws off positive cash flow, because you are allowed to deduct the non-cash expense of depreciation. However, your ability to actually deduct the full amount of your rental losses in the current year might be at risk. Or not. It depends on your passive income activity.
Find out more at Market Watch.
Photo courtesy of: Pixabay