Turned Passive Losses into Tax Gain

Our client sold a rental property for a very small gain. We helped him uncover the suspended passive losses that became deductible upon disposition. Further, we advised this client to convert $100,000 of a traditional IRA to a Roth. Thanks to the deductible rental losses, no tax was due on the conversion.

Learn more about our Family Wealth and Estate Planning and Tax Planning and Compliance services.