Real estate is a dynamic asset. It can produce passive income. With enough work, it can produce even more income. Hotels are an example. They are fundamentally a rental operation; however, the most successful hotels make more off of the related services than they do from their rental income. A successful hotel can be viewed…
Category: Passive Activity Losses
Passive Activity Losses
If you own rental property or other passive activities, you may be subject to special tax rules that limit your ability to deduct losses. Our tax attorneys can help you understand these rules and develop strategies to minimize your tax liability. Give us a call to see how we can help, (713) 909-4906.