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Updated 10 months ago on . Most recent reply

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8
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Gary Adams
2
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8
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Real Estate Investor

Gary Adams
Posted

Hello,

My wife spends over 800 hours a year on our real estate. What are the benefits of her being "Classified" as a full-time investor?

Most Popular Reply

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8,137
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Basit Siddiqi
  • Accountant
  • New York, NY
3,666
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

If she doesn't have a job or she works less than 800 hours in the job, she is eligible to claim real estate professional status.

That means the losses will be considered active instead of passive.

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Basit Siddiqi CPA
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