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Updated over 4 years ago,
Filing Taxes as Real Estate Professional
Hey All, I work as an engineer full-time, but I also work full time on my rental properties since I do all the work myself. I just bought a three family this year, and haven't been able to rent it since COVID, so i decided to gut renovate all three units which is expending ALL of my free time outside of my 40 hour work week as an engineer. Will i be able to file as a real estate professional this year? I have my real estate license, manage my properties, lease renewals, maintenance issues, landscaping, etc, and have no social life lol -- i feel like since i work more than 40 hours outside of my 40 hour corporate job I should be able to... thoughts?