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We get this tax question A LOT. First, why does REP status even matter? If you qualify, you can use rental losses to offset your W-2 income, meaning your depreciation, mortgage interest, repairs, and other deductions can directly reduce your taxable income. For high earners, this can save tens of thousands in taxes every year. Now here's the catch. To qualify for REPs, you must meet two requirements: ✅ More than 750 hours per year in real estate activities ✅ More than 50% of your total working h
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