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All Forum Posts by: Peter Fokas

Peter Fokas has started 52 posts and replied 111 times.

Post: Real Estate Professional - how to achieve 750 hours?

Peter FokasPosted
  • Investor
  • Ridgewood, NJ
  • Posts 113
  • Votes 10

How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not specify this but I am sure they must have some sort of general number they keep in mind.