Colleen Krcelich

Colleen Krcelich, a seasoned CPA specializing in real estate taxation, shares her extensive knowledge on how paper loss has evolved over the decades. She recounts the impact of the Tax Reform Act of 1986 and the introduction of 'REP Status', highlighting how these changes shaped today's real estate landscape. Colleen also unpacks the differences between active and passive income, stressing their tax implications. Her insights into maximizing tax benefits for real estate investors are both practical and valuable, providing strategies that navigate intricate IRS regulations.