Article Date:
May 2010

Word Count:



Tax Tips Needed on Land and Self-Rental Passive Loss Traps

If you don’t qualify as a real estate professional and can’t deduct losses using the $25,000 deduction allowance discussed in the article titled “Qualifying for Rental Real Estate’s Tax Favored $25,000 Allowance,” then your best strategy is to offset passive losses with passive income.


Passive income comes from only two sources:1



Net rental income


Income from a business in which you do not materially participate


The strategy for creating passive income to offset passive losses does not work with the two categories of ... Log in to view full article.

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