Updated almost 2 years ago on . Most recent reply
IRA's Real Estate Professional Designation
Hello, I am wondering if any real estate attorneys can please shed light on whether my current job status would qualify me as a "real estate professional".
Specifically, my full-time job in which I work more than 750 hours a year is as a mechanical engineer for a engineering consulting company. I am responsible for designing HVAC/plumbing systems for commercial buildings. I often do site visits to the property and then design/draw the hvac/plumbing systems for the building.
From what I gather below the following would all fall under "real property trades":
"The statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, "
I believe that my line of work can be classified under "real property development", "construction", "conversion". But I am not a lawyer so not sure if I am understanding it correctly. May I please get some confirmation from a real estate attorney on whether my full-time job qualifies under the IRA's legal definition of "real property trades". Thanks in advance.