Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

638
Posts
652
Votes
Kyle McCorkel
  • Rental Property Investor
  • Hummelstown, PA
652
Votes |
638
Posts

How to track hours as a RE professional

Kyle McCorkel
  • Rental Property Investor
  • Hummelstown, PA
Posted

So this is the first year that I think I might have a shot at reaching the coveted "RE professional" tax status.  My accountant advised me to start tracking my hours, both in my "real job" and in my RE business in 2018 (which I need to start doing, now).  My question is: how detailed do I need to track my hours? I would like to be as broad as possible in order to not give more detail than necessary to the tax man.

For example, today I talked to the title company for 30 minutes about a property I have under contract.  I would probably just log that as 30 minutes in "Acquisition".  

Can anybody share your categories that you use in your personal tracking?

Loading replies...