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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: A Tax question for the tax season Posted by Daniel D on March 29, 2008 at 10:54 PM In Reply to: Re: A Tax question for the tax season posted by hard money lender on March 28, 2008 at 6:19 PM With an S-Corp the losses could flow over to and offset your taxable W-2 income. Don't know about your situation but I'd consult with a tax attorney. : losses are restricted to a certain amount each year. if you dont have offsetting gains, the loss is restricted to (3,000 ?) per year. : you can eventually claim the entire loss, but only a small amount each year. : i dont suspect that it being in a partnership or title trust has much to do with it, from an irs standpoint. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : With an S-Corp the losses could flow over to and offset your taxable W-2 income. Don't know about your situation but I'd consult with a tax attorney. : : losses are restricted to a certain amount each year. if you dont have offsetting gains, the loss is restricted to (3,000 ?) per year. : : you can eventually claim the entire loss, but only a small amount each year. : : i dont suspect that it being in a partnership or title trust has much to do with it, from an irs standpoint. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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