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Updated almost 7 years ago,
Real Estate Professional and Taxes
Hi All.
I noticed that there are numerous discussions regarding real estate professional and taxes. I know the IRS has specific requirements in order to qualify (750 hrs, 50% of time, materially participating, etc). My question is what is the best way to track this participation. What do you folks, out there in the ether, do to track your activities, just in case our good ole Uncle comes calling.
Thanks