Claiming REPS & Finding a Real Estate CPA in Wichita, Kansas

[Darsh Kumar]

How's it going! I recently moved to Wichita, Kansas.

I am a newbie real estate investor and work in the healthcare field. I'm interested in claiming REPS on my taxes at some point once I've gotten my rental properties in order. I plan on closing on my first deal this summer and hoping to keep the momentum into the rest of the year.

My understanding in order to claim REPS, I'd need to have real estate as my primary profession and I'd have to spend a minimum of 750 hours a year on real estate. Working 32 hours a week in my clinical job, I am confident I'll be able to put additional hours into real estate to qualify for REPS.

My only question is I'm looking for a CPA who can help in this area. I've come across CPAs who are saying that I would not qualify because I'm not a real estate broker. Is this true?

Please contact me if you are that person or know of someone who can help!

Thank you!