I operate a medical practice as a proprietorship and also own several single-family rental properties. Because my income is too high, the passive loss rules do not allow me to deduct any of my rental property losses.

If I formed a professional corporation and transferred this real estate to it, would I then be able to deduct the losses against my corporate income? (D.S., Stockton, Calif.)

The corporation is not your solution. As a medical doctor, your corporation ... Log in to view full article.