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Updated 10 months ago on . Most recent reply

User Stats

94
Posts
32
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Alex U.
  • Investor
  • San Diego, CA
32
Votes |
94
Posts

LTR lease as an STR

Alex U.
  • Investor
  • San Diego, CA
Posted

Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?

Most Popular Reply

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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
5,981
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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied
Quote from @Alex U.:

Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?

No.

And let's not bring this "identify as..." into real estate investing. Enough confusion as is. :)
  • Michael Plaks
  • Loading replies...