Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Real Estate Professional Status Documentation
Hello!
My husband and I own/manage a few LTRs and MTRs in Texas and we are thinking I might qualify for Real Estate Professional Status in 2024 with all the hours I put into our properties (and growing properties :)).
We have spoken to our CPA about requirements but I am feeling a little overwhelmed at how to log these hours in an efficient, accessible and manageable way. Does anyone have a spreadsheet they use that they wouldn't mind sharing? Or anything other suggestions on the best way to document these hours? I have found a few old forums with ideas but they are 4-5+ yr old, wondering if there might be anything new out there as well.
Thanks so much!