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For example, if you earn under $100,000 annually, nearly $25,000 of rental income losses become qualified as deductible, and also you can save thousands of dollars on other income origins through this reduction in price. However, if you earn over $100,000 a year, this deduction begins to phase out, until it is completely gone for taxpayers earning $150,000 and above annually.

If you add a C-Corporation as part of your business structure you can decrease your taxable income and therefore be qualified for several of the deductions which is your current income is simply high. Remember, a C-Corporation is a individual citizen.

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