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Are you a real estate investor or vacation rental owner bogged down with a huge tax burden

REPStracker

by REPStracker

What is it about?

Are you a real estate investor or vacation rental owner bogged down with a huge tax burden?

App Details

Version
1.1
Rating
(20)
Size
39Mb
Genre
Productivity Finance
Last updated
May 1, 2023
Release date
March 17, 2021
More info

App Screenshots

App Store Description

Are you a real estate investor or vacation rental owner bogged down with a huge tax burden?

There are two powerful tax benefits you could claim to help build your real estate empire:
- Real Estate Professional Status (REPS)
- Short term rental (STR) tax benefit

REPStracker helps you to streamline the process of claiming REPS and STR tax benefits.

With the addition of our new community membership group, accessed from within your mobile app, you can also connect with tax experts and get helpful tips to guide the process of claiming these powerful tax benefits.

The REPStracker app is a quick and easy-to-use time tracking app, simplifying the process of logging your material participation hours.

Features include:

- Two apps in one:
Whether you are a real estate investor for long term rentals or short term rentals, our app helps you qualify for either (or both) tax benefits

- Track your REPS/STR progress in real time:
No more guesswork or clumsy math. Know where you stand with your material participation hours so you can make decisions accordingly... before the end of the year.

- Log time entries as you go, wherever you are:
Don't wait until you're home in front of your desktop, relying on foggy memories to document your time entries. Do it as you go...in line at Home Depot or on hold with your mortgage broker.

- Log your hours manually or with the built-in timer function
Use the timer to improve the accuracy of your time entries, thereby strengthening your case against an IRS audit

- Record your spouse or other team members' hours in the same account
If your spouse is contributing to your material participation hours, our algorithm will tally these hours appropriately.
If you are an STR owner and using time logs to show that your participation is more than anyone else on your team, easily log their hours so you can keep tabs.

- Evidence Integration:
Upload supporting evidence for each of your time entries, protecting you in the case of future audits.

- Store everything on the cloud:
Don't lose your data when you lose your phone. All your time entries and supporting evidence is stored securely on the cloud.

- Download your data:
Need a hard copy backup? Download all your time entries at the touch of a button.

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