Tax

qualify for reps

Qualify as a Real Estate Professional and Save Thousands

Introduction Real estate professional status, commonly referred to as REPS, is a powerful tax planning strategy that can often result in thousands of dollars in savings for real estate investors. However, it is a very complicated and closely monitored portion of the tax code, so you need to be careful. Avoid taking shortcuts that may …

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bonus depreciation

Is Bonus Depreciation Going Away for Real Estate Investors?

Overview The Tax Cuts and Jobs Act of 2017 increased Bonus Depreciation from 50% to 100% for assets placed in service between September 27, 2017, and January 1st, 2023. In this article I’m going to go over what Bonus Depreciation is, what happens now that the 100% deduction has expired, and how it will affect …

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