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Updated almost 10 years ago on . Most recent reply presented by

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13
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Stan Pace
  • Real Estate Investor
  • Kingsport, TN
0
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13
Posts

Realestate Professional status (qualification)

Stan Pace
  • Real Estate Investor
  • Kingsport, TN
Posted

QUESTION: I have 9 rental vacation properties that I rent online. 3 do not qualify as long term, because they do not meet the average 7 day or above rule. However I manage, market and rent them in the same format as the other six properties (they just didn't meet the guidelines).  For tax purposes (to meet Realestate Professional) I aggregate them as one, to meet the standards.

My question is, since three happen to not make the 7 day or above rule, do I not get to count the time managing, renting, overseeing, working on them as hours towards the 50% above time required above my W2 job?

It seems strange, since I don't separate the business of operating them into different units, I would have to try to calculate what amount of time went toward them?

Answers would be appreciated.

Thanks,

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