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Updated almost 2 years ago,
Active participation in car wash/gas station without real estate professional status
Hello,
I am a w-2 employee and I am looking for ways to reduce my taxable income using real estate. Can I buy a car wash/gas station and show active participation to reduce my taxable income? I am single and don't have a REPS status. I love my software engineer job and don't intend to become a real estate professional.