This is the holy grail for any households who generate active income—either from a salaried job or for a non-real estate business. If we have active income, we can use our real estate investments to reduce our tax burden in a major way. That’s how we shatter the glass ceiling. Here’s the key—we need to work very closely with a skilled CPA if we want to use the Real Estate Professional designation. Our CPA can advise us on the best practices we need to follow. And they can probably give us some tips for things we can do to get the hours we need as well.
