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Updated about 3 years ago,
Real Estate Professional Tax Qualification Question
Hey Everybody! First time poster here.
I just finished reading Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew Macfarland (great read!) and had a question about qualifying as a Real Estate Professional. I have a rental property and my real estate salesperson license here in CA, but I don’t spend enough hours to qualify. My W2 is a Civil Engineer in Land Development at a private consulting firm and my clients are predominately Residential Developers here in SoCal.
Would I be able to qualify as a Real Estate Professional since I spend main job requires activities in Development and Redevelopment?
Thanks in advance and looking forward to hear your thoughts!