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Updated almost 3 years ago,
bonus depreciation with W2 income
We are new here, try to do bonus depreciation.
I have high w2 income, My wife has a w2 income of about $100k. She has the agent license, actively manages 10+units and several flip projects per year.
Her time in real estate is more than what her spend in work and 750 hours plus per year. Because she has w2, can she still qualify as a real estate professional?
I just worry IRS may question us, and it is really annoying to track every minute in real estate work.
Any advice on this?