Qualify as a Real Estate Professional and Save Thousands
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 result in missing out on significant savings.
In this article I am going to give you an overview of the steps involved to qualify for real estate professional status as well as the ways it is used to save real estate professionals thousands on their tax bill.
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