Real estate professional tax status- Can I qualify?

[Michael Greer]

Hello,

To start off, I contacted my accountant and he said he did not think I would qualify.

I'd like an opinion here because I'm not sure I agree. 

I could be wrong.

I work a W2 job for a city as a comissioner in the building department for the typical 2000 hours a year.

I also have an LLC home inspection business that I can legally show 978 hours worth of work that matches my income from my W2.

I also purchase my first rental property in 2021 that I can show about 100 hours worth of work at.

Since then, I purchased a BRRRR property in 2022 that I've done all the improvements on myself.

Can I qualify for the Real Estate Professional tax status?

Should I even try?

If this is the wrong forum, I'm sorry.

Thanks in advance.

[Michael Plaks]

Your accountant is correct. You would need to document spending 2001 hours in real estate - practically impossible. Workaround: marry someone who can qualify.