How Real Estate Pros Save Thousands on Taxes

Summary

This video provides a detailed breakdown of the Real Estate Professional Status (REPS), a crucial tax strategy for rental property investors, including STR hosts. Tax attorney and CPA Jasmine DiLucci explains the three core requirements: the 750-hour test, the 50% personal services test, and the separate material participation test for each property. She debunks common myths and warns against trying to "game the system," especially for those with full-time W-2 jobs, emphasizing that meticulous hour-logging and genuine, substantial involvement are non-negotiable to withstand IRS scrutiny.