Material Participation STR for Tax Purposes

[Colby Wherry]

Hello,

I have read the requirements to qualify for material participation on an STR, but I only see info on hours/ work preformed. Are there stipulations on having a full time job, or a threshold of how much income you can make at your full time W2 job? I cannot qualify as a "real estate professional" because of my full time job so want to explore the material participation on STR's as a tax strategy. Does anyone know the details on this?

Also, if anyone has a recommendation for a good real estate accountant in Nashville I would appreciate it! :) 

Thanks!