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Updated almost 2 years ago,

User Stats

9
Posts
7
Votes
John Dehn
  • Rental Property Investor
  • Phoenix, AZ
7
Votes |
9
Posts

REPs designation - do I qualify?

John Dehn
  • Rental Property Investor
  • Phoenix, AZ
Posted

I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a deal myself and bring it all the way through the acquisition process.

I also have a couple single family rentals that I own 100% and a 2-person partnership on a third that is managed by a management company. I manage the 100% owned properties myself.

my question is, since I’m a 1099 employee working for a real estate investment shop performing all of these functions in addition to owning my own rentals, is there a likelihood that I would qualify for the real estate professional designation on my taxes? 

I’m also in the market for a real estate tax strategist to help me with items like this. I’m based out of Arizona, but open to working with a CPA virtually.

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