Real Estate Professional Status (REPS) Hours Tracker
REPS qualification under IRC Section 469(c)(7) requires more than 750 hours and more than half of all personal services in real property trades or businesses, plus a 5% ownership stake in the activity. The 500-hour NIIT safe harbor is separate.
REPS Hours Tracker
Real Estate Professional Status under IRC Section 469(c)(7). You must work more than 750 hours AND more than half of your personal services in real property trades or businesses, AND own at least 5% of the activity.
The two tests
- More than 750 hours in real property trades or businesses during the year.
- More than half of all personal services performed during the year are in real property trades or businesses.
Both tests are conjunctive. Failing either disqualifies the taxpayer that year. Each spouse tests independently under IRC Section 469(c)(7)(B).
What counts and what does not
Personal services performed in real property trade or business activities count. Investor-type activities are excluded under Temp. Reg. 1.469-5T(f)(2): financing decisions, planning, monitoring summaries, and similar. Hands-on work, leasing, repair, management, and acquisitions count.
Zawwad Ul Sami, Founder
Zawwad Ul Sami is the founder of WeCostSeg, a founder-led cost segregation firm serving real estate investors across the US. He focuses on strategy, pricing, and the firm's overall direction.