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All Forum Posts by: Jason Thomas

Jason Thomas has started 1 posts and replied 3 times.

Post: Real Estate Professional Status

Jason ThomasPosted
  • Posts 3
  • Votes 1

The 1099 position is only 24 hours a week. 

My spouse (high W2 Earner) and I have 16 doors that we self-manage. However, I have an opportunity to manage for a company 24 hours a week at a small apartment complex of 56 doors locally. My question being, if I asked to be a 1099 employee instead of a W2 employee, would i qualify as Reps for taxes since I self-manage and take care of all of our own rentals yearly? Also, would these hours count towards my 750 hours since i will be managing these properties?

Post: Real Estate Professional Status

Jason ThomasPosted
  • Posts 3
  • Votes 1

My husband (high W2 Earner) and I have 16 doors that we self-manage. However, I have an opportunity to manage for a company 24 hours a week at a small apartment complex of 56 doors locally. My question being, if I asked to be a 1099 employee instead of a W2 employee, would i qualify as Reps for taxes since I self-manage and take care of all of our own rentals yearly? Also, would these hours count towards my 750 hours since i will be managing these properties?