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Updated over 1 year ago on . Most recent reply

User Stats

6
Posts
2
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Irving Franco
2
Votes |
6
Posts

Working in hotels count as a real estate professional?

Irving Franco
Posted

I have worked in the hospitality (hotel) industry for the past 11 years. I am responsible for all hotel financial/accounting items. Does working in the hotel industry count as a real estate professional if I also manage my own airbnbs.

Do I need to be a certain percentage owner of the hotel I work for in order to be considered a real estate professional?

  • Irving Franco
  • Most Popular Reply

    User Stats

    151
    Posts
    114
    Votes
    Joseph Palmiero
    • CPA
    • Pennsylvania
    114
    Votes |
    151
    Posts
    Joseph Palmiero
    • CPA
    • Pennsylvania
    Replied

    You need to own at least 5% of a real property trade or business for your hours to count towards REPS.

    business profile image
    Palmiero CPA, LLC

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