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Updated 3 days ago on . Most recent reply

User Stats

3
Posts
3
Votes
Alex Brown
  • Rental Property Investor
  • Santa Monica, CA
3
Votes |
3
Posts

RE CPA or Tax Strategist

Alex Brown
  • Rental Property Investor
  • Santa Monica, CA
Posted

Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.

Most Popular Reply

User Stats

8,144
Posts
3,678
Votes
Basit Siddiqi
  • Accountant
  • New York, NY
3,678
Votes |
8,144
Posts
Basit Siddiqi
  • Accountant
  • New York, NY
Replied

There are two requirements to claim REP status

1) 750 Hours
2) You spend more time on real estate than other activities such as your W-2 Job or Business

You want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.

Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.

Best of luck!

business profile image
Basit Siddiqi CPA
4.9 stars
76 Reviews

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