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.
—
Here are 3 ways to get involved:
1: JOIN OUR FACEBOOK GROUP
/ taxsmartinvestors
If you haven't joined the Tax Smart Real Estate Investors Facebook community, you need to jump on it ASAP! You'll get details on exclusive Live Q&As that I'm doing, updates on everything tax and accounting, and early access to events and content.
2: FREE TRIAL OF OUR NEWSLETTER
https://hubs.ly/H0r1Tf0'>https://hubs.ly/H0r1Tf0
Interested in getting our premium Tax Strategy Newsletter every Tuesday? It breaks down the nuances of real estate investor taxation in an easytoread manner and contains investor tools and presentations.
3: WORK WITH US
https://hubs.ly/H0r1Tf0'>https://hubs.ly/H0r1Tf0
Interested in working with our accounting firm at The Real Estate CPA? We are a boutique CPA firm providing advisory, tax, and accounting services to real estate investors and business owners across the U.S.
Let's connect:
Facebook: / realestatecpa
LinkedIn: / brandonha. .
Twitter: / therecpa
Podcast: https://www.therealestatecpa.com/podc...
Website: https://www.therealestatecpa.com/
Subscribe to our Tax Smart Investors Newsletter for exclusive content and tax updates: https://share.hsforms.com/15hwWMEKzTB...