Are you a high-earning agent frustrated by a massive tax bill? Danielle Rutigliano, CPA breaks down how to leverage your unique position to qualify for Real Estate Professional Status (REPS) and use passive losses from rentals to offset your active commission income.
We dive into the power of depreciation, the huge impact of the recent tax law changes (including 100% bonus depreciation), and the crucial differences in how rentals and fix & flips are taxed.
