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#tax-strategy #real-estate-professional-status-reps #passive-activity-rules
Retirement
fromBusiness Insider
1 week ago

High-earning real estate investors are using 'REPS' to slash tax bills. Here's who qualifies.

Real estate professional status can convert rental losses into deductible offsets against active income, but qualification often requires reduced work hours and focused real estate activity.
Real estate
fromBusiness Insider
3 months ago

How high-earners are using real estate and a little-known rule to slash their tax bills

A spouse who qualifies as a real estate professional can convert rental losses into active losses that offset W-2 income, substantially lowering high earners' taxes.
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