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Updated about 4 years ago on . Most recent reply

User Stats

134
Posts
50
Votes
Ed Moran
  • Rental Property Investor
  • Boston, MA
50
Votes |
134
Posts

Real Estate Professional Status

Ed Moran
  • Rental Property Investor
  • Boston, MA
Posted

Hello BP - Im W-2 wage earner and a passive RE investor (20 units) and wanted to see if anyone out there was willing to share their story regarding the real estate professional status. Ideally Im looking to make my wife to have the status so I can write off passive losses now vs carrying losses over the course of time. I understand the metrics hat need to be achieved to maintain the status (material participation etc) so looking for did this status help your tax situation and how. Thank you. 

Most Popular Reply

User Stats

134
Posts
50
Votes
Ed Moran
  • Rental Property Investor
  • Boston, MA
50
Votes |
134
Posts
Ed Moran
  • Rental Property Investor
  • Boston, MA
Replied

@Malika Mukhamedova yes I suggest you contact my CPA @Steven Hamilton II

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