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Updated about 8 years ago on . Most recent reply

User Stats

27
Posts
1
Votes
Nancy Wang
  • Dallas, TX
1
Votes |
27
Posts

Real Estate Professionals definition by IRS

Nancy Wang
  • Dallas, TX
Posted

Any tax guru here can help me confirm this: even I spend more than 750 hours/year on real estate activities (managing my own rentals and being a RE agent), because I have another full time job (computer engineer) so my RE related hours is not more than the other job's 2000 hours a year, I still cannot claim myself as "Real Estate Professional" when file tax return? 

Most Popular Reply

User Stats

45
Posts
13
Votes
Jack Halldin
  • Investor
  • Broomfield, CO
13
Votes |
45
Posts
Jack Halldin
  • Investor
  • Broomfield, CO
Replied

Google Hanna verses the IRS, you don't want to mess up this definition and professional tax advice a must.

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