How high-earners are using real estate and a little-known rule to slash their tax bills

Source: Business Insider

Kenji Asakura and Letizia Alto are the co-creators of Semi-Retired MD. Courtesy of Letizia Alto and Kenji AsakuraThere's a little-known IRS designation called real estate professional status, or REPS. It allows qualifying investors to use real estate losses to offset W-2 income.

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