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Property tax deduction is not a credit, it is a deduction. It reduces the rental income and create passive losses. If you couldn't claim you losses last year because of high income, you can carryover over the loss into future years or use it to reduce your other passive income (income from sale of investment).
Creating a single member LLC will not change your tax reporting, the passive loss deduction limits will still apply, meaning you will still not be able to deduct the losses if your income is over 150K.
It is actually a quite common problem for high income earners. The only way to deduct rental losses with high income is to be come real estate professional. As RE professional your loss would not be subject to passive loss limitation and you would be able to deduct all your losses.