How Qualifying as a Real Estate Professional Creates BIG Tax Savings [Tax Smart Daily 001]
The very FIRST episode of our new series: Tax Smart Daily. This is a daily (weekdays) video series covering tax topics and answering questions real estate investors are asking across our social platforms.
Today's topic is Real Estate Professional Status... enjoy!
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Пікірлер: 117
I have been on this journey to be a REPS and your content accurate and excellent. I have been following a few REPS on KZread they all say research hours and KZread hours counts. I am glad you told me what i need to hear. Thanks for your contribution to the small business community.
This was EXTREMELY helpful! I've watched this video 3 times now, thank you for making such valuable content!
Very thorough explanation of what it actually takes to qualify as a real estate professional. Great content.
Brandon: Good job. Very thorough explanation of a complex definition. I appreciate that you don't fall into accounting lingo and acronyms.
appreciate the breakdown of REPS. you're right, there are too many stipulations which can be easily overlooked. very informative and especially the last pearl about grouping! thank you
Explanation on point, thank you!
You are the first person to explain this in a truthful manner. I knew there was more to it. My question is what if your rentals are under a C-Corp are they still passive?
Thank you so much. It is so helpful and very informative.
Thank you, Brandon. Very well explained. I subscribed to your channel as I find your clips on a variety of tax topics to be very useful and informative. Keep up the good work!
Thank you so much! This was so informative!
What happens if you buy a property mid year? Is the 750 hours pro-rated for time of ownership?
So many gems dropped here! 🙏🏽🙏🏽
Brandon, you are Awesome. You answered my question.
This helped me SO much! thank you!!
This is great content. Very informative.
Great information! Thanks.
GREAT SHOW. GREAT INFORMATION
Excellent video Brandon ,such clear explanation
Brandon great video again. Want to get your insights on this scenario - If I accumulate rental passive losses year-over-year over 20 years and then retire from my regular job. Now if I do not have a W2 anymore and I materially participate in year 21 that qualifies me as a Qualified Real Estate Professional. Can I now treat all of this accumulated and carried forward loss of over 20 years against my Non-Passive income in year 21 and going forward? Thanks.
great info!