How to Qualify for Real Estate Professional Status (And Save Taxes)

Summary

This video details the requirements for Real Estate Professional Status (REPS), a high-impact tax strategy that allows investors to offset active income with rental losses. Brandon Hall explains the two necessary IRS tests—the 750-hour requirement and the more-than-half-time test—as well as the critical need for 'material participation' and meticulous time-logging to survive an audit.