Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on .
Most recent reply
presented by
Real Estate Professional Status
I have a W2 at a Property Management company. I also personally buy, sell and manage real estate and I have an LLC for a separate property management company I co-own. Essentially all of my work and income comes from real estate. Can I file as a Real Estate Professional?
Most Popular Reply
- Tax Strategist| National Tax Educator| Accepting New Clients
- 4,451
- Votes |
- 3,706
- Posts
Quote from @Lawrence Potts:
Real Estate professional in regards to being self-employed. I'm not sure they will consider you a professional as a W2 employee even though you have equity in a real estate company. They may consider it depending on how many years of experience you've been doing it?
Nope. There are pretty set rules around what qualifies and w2 doesn't unfortunaely regardless of how long you've done it.
