Glossary entry · code section
Real Estate Professional (REP) status
Tax classification under §469(c)(7) that permits real-estate rental income/loss to be treated as non-passive. Requires the more-than-half-personal-services test plus the 750-hour test.
Canonical reference
REP status is defined at IRC §469(c)(7). The operating procedure for the qualification tests is Treas. Reg. §1.469-9. The contemporaneous-records standard is at Treas. Reg. §1.469-5T(f)(4).
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