Tag: Real Estate
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Unlocking the Power of Real Estate Professional Status (REPS): Strategies for Real Estate Investors
Real estate investing offers numerous tax benefits, but one of the most lucrative is qualifying as a Real Estate Professional (REP). Achieving REP status allows investors to offset rental losses against active income, which can significantly reduce tax liabilities. Given that most rental properties generate tax losses due to depreciation, even when they are cash-flow… Read more
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Navigating the Complexities of Real Estate Tax Strategies
The allure of tax savings is irresistible. Social media is filled with tax professionals touting strategies like the Short-Term Rental (STR) loophole, promising to slash tax liabilities and maximize savings. But as someone who has represented clients in audits and reviewed tax court cases, I can tell you that these strategies are not as simple… Read more