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18
Posts
1
Votes
Roy Williams
  • Real Estate Consultant
  • Alabama
1
Votes |
18
Posts

Real Estate Professional - IRS Audit

Roy Williams
  • Real Estate Consultant
  • Alabama
Posted

Hi Folks,

Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend more time on them.
I own 10 properties with a total of 30 units. Based upon your experience, as long as I can show a weekly log (which I can) of my time spent on my properties are they going to make much of a fuss over it given the amount of real estate I own?

Thanks!

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