How to Best Utilize Passive Losses w/ Brandon Hall

Summary: In this podcast you will learn how to best utilize your passive losses. Accredited InvestorsHow you can re-characterize your passive losses as non-passive so you can offset your other non-passive income from your day job. One of the ways to do this is to achieve Real Estate Professional status. Currently the requirements are that you must: 1. Spend 750 personal service hours in a real property trade or business (ex. GP in a deal or actively manage real estate properties), 2. Spend more than 50% of your time in real estate than anywhere else (this typically kicks out the W2 workers), 3. Materially participate in your rental portfolio.Non-accredited InvestorsIf you make less than $100,000 you are allowed up to $25,000 in passive losses, once you make above $100,000 those passive losses will start to phase out $1 for every $2 above $100,000. For example if you make $110,000 you will only be allowed up to $20,000 passive losses. After $150,000 of adjusted gross income (AGI), your passive losses will be totally phased out. There are some ways to work around this, such as investing into your 401k so you can drop your AGI.🎥 Link: https://youtu.be/umCsNG8sLNcWebsite Link: https://simplepassivecashflow.com/how-to-best-utilize-passive-losses-w-brandon-hall/🎁 Free Goodies & Reach out to Lane 👉 https://linktr.ee/laneKawaokaStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast..._________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! –SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackPassive Investor Accelerator eCourse - SimplePassiveCashflow.com/ecoursePassive Investor Accelerator eCourse & Mastermind - SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/inve...SPC YouTube Channel – https://www.youtube.com/channel/UC3cI...Real Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit Hosted on Acast. See acast.com/privacy for more information.