Combining Rentals for IRS Professional Standing

[Buddy Holmes]

I understand from other discussions here on BP, that the IRS may have very stringent requirements for REI's claiming Professional Status to enable RE losses in excess of $25,000 per year against non passive income.

One suggestion, in addition to detailed records of the over 750 hours of RE activity, is the "Election" of combining of all your RE properties into a single entity.

I have not found a way to do this in Turbo Tax (no chuckles please).

Does anyone have experience with this and discuss the pros and cons of such an "election."

Cheers,

Buddy