By default, rental losses are passive. They can only offset other passive income. Qualifying as a real estate professional allows you to take rental losses against W2 or active business income.

This episode is about IRS Audits of REPS. What is their perspective and lens they're looking through? What are they looking to see? How do you protect yourself?

If you haven't already listened to REPS 03, check it out first. This is the final episode in this series.
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