Quote:
Originally Posted by CoachKandSportsguy
See a tax professional to do some basic financial planning. . . and yes, capital gains tax may be lower than one's income tax rate, or it may be higher, uncertain for now
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I know you know this Coach, but the Long Term Capital Gains Tax Rate is lower than the Ordinary Income Tax Rate on income above $47,151. Effective Tax Rate is a more complicated question, but the basic rate on LTCG is going to be lower.
Again, the OP's question wasn't related to lifestyle choices, management questions or anything of the like ... he was asking about passive investment losses, as it relates to a rental property.