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Updated almost 6 years ago,

User Stats

44
Posts
30
Votes
Dustin Hood
  • Rental Property Investor
  • Nederland, TX
30
Votes |
44
Posts

Am I a real estate professional in the eyes of the IRS?

Dustin Hood
  • Rental Property Investor
  • Nederland, TX
Posted

I recently sold my insurance business and I’m now a full time real estate investor.

I have 40 units, some multi family and some SFH. I self manage all my properties. I also flip 5-10 houses per year. Can I qualify as a real estate professional for tax purposes? I'd love to be able to use more of my losses on the rental side. Thanks for y'alls advice and input!

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