Posts Tagged ‘owning’

I am plotting to buy 2 leasing properties, approximately $250,000 total. My wife and I both work full-time. Does owning 2 leasing properties be eligible either one of us as a real estate professional so that we may possibly get losses on these properties as tax deductions against our personal income.? If not, what can we do about these leasing losses (mainly due to depreciation on the property). Thanks in advance.