Real Estate Professional Status (REPS): What the IRS Actually Looks For (Avoid Costly Mistakes) скачать в хорошем качестве

Real Estate Professional Status (REPS): What the IRS Actually Looks For (Avoid Costly Mistakes)

Real Estate Professional Status (REPS) is one of the most misunderstood — and most audited — tax positions for real estate investors. Online, REPS is often oversimplified as “spend time on rentals and deduct losses.” In reality, that misunderstanding is exactly why so many REPS claims fail under IRS scrutiny. In this video, we break down what the IRS actually looks for when evaluating Real Estate Professional Status, why most investors get it wrong, and how to structure REPS correctly if it’s part of your long-term tax strategy. This is not about gaming the system. It’s about facts, documentation, and defensibility. In this video, you’ll learn: ✅ Why REPS is not an election, form, or CPA decision ✅ The two IRS tests you must pass to qualify ✅ Why owning rentals alone does not qualify ✅ What real estate activities actually count toward hours ✅ Why full-time jobs often disqualify REPS claims ✅ What kind of time logs the IRS actually accepts ✅ How material participation and rental aggregation work ✅ Why REPS audits are detailed and aggressive ✅ When REPS may not be the best tax move ✅ How REPS should align with exit planning and long-term strategy If you’re claiming — or considering — Real Estate Professional Status, this video could save you years of back taxes, penalties, and stress. ⏱️ Timestamps: 0:00 – Why Real Estate Professional Status Is So Misunderstood 0:45 – The Biggest REPS Myth Investors Believe 1:20 – REPS Is Not an Election or a Form 1:55 – The Two IRS Tests You Must Pass 2:35 – Why the Time Requirement Breaks Most Claims 3:20 – What Real Estate Work Actually Counts 3:55 – Why Documentation Destroys Most REPS Audits 4:40 – Material Participation & Rental Aggregation Explained 5:30 – Why the IRS Aggressively Audits REPS 6:05 – When REPS Is NOT the Best Strategy 6:40 – Spouses, Exit Planning, and Long-Term Risk 7:05 – How to Build a Defensible REPS Strategy 🔗 Helpful Resource: 📌 Real Estate Tax Strategy Review 👉 https://gavtax.com If you’re considering Real Estate Professional Status — or already claiming it — GavTax Advisory Services helps investors build defensible, coordinated tax strategies that hold up under scrutiny. #RealEstateProfessionalStatus #REPS #RealEstateTaxes #TaxPlanning #RealEstateCPA #CostSegregation #PassiveIncome #CommercialRealEstate #RealEstateInvesting