High-earning real estate investors are using 'REPS' to slash tax bills. Here's who qualifies.

Source: Business Insider

Jennifer and Paul Tessmer-Tuck used real estate professional status, or REPS, to reduce their tax burden while building a 16-property rental portfolio. Courtesy of Jennifer and Paul Tessmer-TuckJennifer and Paul Tessmer-Tuck leveraged REPS (real estate professional status) to save big on taxes. REPS can allow rental losses that are typically considered passive to offset active income.

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