Core concepts
750-hour bar
Annual hour requirement plus >50% of total work time in real estate.
Material participation
500+ hours per property, or aggregation election across portfolio.
Spouse strategy
High-W2 + non-working spouse logging REPS hours is the canonical pattern.
Examples
- Spouse logs 850 hours managing 6 SFRs → unlocks $80k W-2 offset from depreciation.
Practical applications
- High-income households with one non-working spouse.
- Full-time investors.
Common mistakes
- Claiming REPS without contemporaneous time logs.
- Failing material participation test.
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