Sentences with phrase «offset normal income»

Furthermore, in many cases you can even use a loss to offset normal income.

Not exact matches

The depreciation recapture is taxed like normal income and it essentially recollects the offset money previously gained on taxes from depreciation on the first property.

However, if you have diligently maxed out your tax - advantaged accounts and have extra investable assets to put into a normal investing account, Betterment's software makes sure you capitalize on any losses that you can use to offset your taxable income.