Frustrated that your rental property losses are suspended due to your income? In this episode of The Wealth Planning Podcast with Brister Law, host Anthony Brister breaks down the IRS rules, income thresholds, and strategies high-income earners can use to still maximize tax benefits from long-term rentals. Learn how to leverage suspended losses, 1031 exchanges, and more to build wealth.

Timestamps:

0:00 - Introduction: Suspended Losses Explained

0:25 - Turning Frustration into Strategy

1:25 - Megan's Story: A Real-World Example

2:12 - Breaking Down the IRS Rules

3:19 - What Happens to Suspended Losses?

3:48 - Massive Upside for High Earners

4:48 - Utilizing 1031 Exchanges

5:01 - The Inheritance Reset

5:24 - How to Unlock Write-Offs Now

6:30 - The Real Estate Professional Status

6:56 - Harvesting Suspended Losses

7:51 - Long-Term Rentals Work if You Know the Rules

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