How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity
American Apartment Owners Association
DECEMBER 18, 2024
At its core, this status allows investors to reclassify their rental property activities from passive to non-passive. Without REPS, the depreciation and other losses from your rental properties would only offset income from other passive investments. Normally, passive losses can only offset passive income.
Let's personalize your content