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The Wealth Elevator Podcast: Real Estate, Taxes, Investing
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How to Make the Jump to Rep Status for a CPA
It makes a lot of sense to make that jump to rep status, especially because you're going to part time. You might be a passive investor, but the scene is like a full time job and it takes a good amount of work just to stay on top of everything. Just practicing right for your CPA now. We don't know what's going to happen with bonus depreciation in a couple of years. It's supposed to phase down a little bit in 2024. And so 130 K taken out of that a year. So all Oh, third of that, which is what about 45 K? Yeah. But yeah, just the hard thing is this is an art form.
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