v2.20 - No Investor Left Behind: Real Estate Professional Status (REPS)

Real Estate Professional Status (REPS) is a tax designation that lets qualifying investors deduct real estate losses (primarily from depreciation) against ordinary/active income like a W-2 salary. The benefit is real – but the bar is high, and the IRS pays attention to whether you clear it or not.Dustin and Adam walk through the REPS two-part test: 750+ hours/year of material participation, AND more than half of all “work time” in that work. They cover the common married-filing-jointly setup (one high W-2 spouse, one full-time real estate investor), why multiple-W-2 households face a steeper climb, and the importance of precise time tracking.For most passive investors, depreciation losses on your K-1s can't touch your W-2 income. REPS is a path that unlocks them…if you or a spouse can clear the bar.Episode Release Notes & Resources:[Twitter/X] CPA horror story: https://x.com/natesosa_cpa/status/2000989216743047490[Wealth Independence Podcast] No Investor Left Behind: STR Tax “Loophole”: https://www.wealthindependencepod.com/2432117/episodes/18792088Watch episode on YouTube: https://www.youtube.com/watch?v=hq8Yex5NatMSee all Wealth Independence episodes at https://www.wealthindependencepod.comConnect with Dustin:Big Spring CapitalLinkedIn (/in/TheDustinBailey)Twitter/X (@TheDustinBailey)Connect with Adam:Bidwell CapitalLinkedIn (/in/AdamJPenn)This show is for informational purposes only and is not financial, investment, legal, or tax advice, and does not constitute an offer to buy or sell securities. All investments carry risk, and investors should always conduct thorough due diligence and consult with qualified professionals before investing.