Practical guides on material participation, Real Estate Professional Status (REPS), the STR tax loophole, and IRS-ready documentation for real estate investors.
Learn what material participation means for rental property owners, how to meet the 7 IRS tests, which activities count, and exactly what contemporaneous documentation the IRS expects in an audit.
A complete guide to qualifying for REPS: the 750-hour requirement, the 50% test, which activities count, the aggregation election, what the IRS audits, and the right way to track your hours all year.
How the STR loophole works for W-2 earners, what the 100-hour material participation test requires, why the "no one spends more time than you" rule trips up most STR investors, and how to document everything correctly.