In this episode of The Wealth Planning Podcast with Brister Law, Anthony Brister breaks down two powerful tax strategies—Real Estate Professional Status (REPS) and the Short-Term Rental (STR) Loophole. He explains how each works, who qualifies, common pitfalls, and real client case studies where one strategy saved over $92,000 in taxes. Whether you’re a full-time real estate investor or a W-2 employee exploring short-term rentals, this episode will help you determine which approach best fits your situation and how to maximize tax savings without falling into IRS traps.
Timestamps:
0:00 – REPS vs. STR loophole: which is better?
0:22 – Introduction to Anthony Brister and the Wealth Planning Podcast
0:39 – Real Estate Professional Status explained
1:01 – Case study: client saves $92K in taxes without quitting their job
2:10 – Why most W-2 employees struggle with REPS
2:42 – Introduction to the Short-Term Rental loophole
3:16 – How STRs allow W-2 earners to use depreciation write-offs
4:49 – Choosing the right strategy: REPS vs. STR loophole
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