REPS - Real Estate Professional Status
Hi all,
If anyone is willing to offer their experience and learnings from obtaining Real Estate Professional status I’d appreciate it. I currently have one property (sold 2 over the last 3 years) I actively manage but it’s not enough for the 752+ hours annually to qualify. I have accumulated paper losses (e.g. depreciation) I’d like to use to offset my spouses W2 income. Thanks in advance, Chris