Accredited Investor Verification Question

[Dan B.]

To qualify as an accredited investor via income, how is that verified? My research tells me this is through prior year tax returns. I'm interested in real estate syndication investing at some point.

This year, I am likely to cross that income threshold for the first time. This would be through W2 salary and rental income. However, with depreciation and prior year losses, that cash flow from rentals won't end up on my 1040. So, the income should be there, but it might not be reported on the Total Income line on our 1040.

Does anyone have a similar experience? Which line(s) on the tax returns go into the income verification for accredited investors?