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Compass CPA, P.C.

750 Hours for REPS: Activities That Qualify for REPS

Illustration of qualifying activities that count toward the 750-hour REPS requirement.

Most real estate investors have heard of the 750-hour rule. It gets mentioned in podcasts, forums, and tax webinars as the magic number standing between a rental portfolio and Real Estate Professional Status (REPS) — a designation that can unlock the ability to deduct rental losses against active income. What fewer investors understand is which […]