(REPS)A real estate professional for tax purposes is someone who materially participates in real estate trades or businesses, spending more than 750 hours a year and over half of their working time on real estate activities.

I have a live in house manager that is also in recovery.

With AI companies accounting for 15% of new leases this year, the sector is becoming a driving force in San Francisco's post-pandemic recovery.

If there's other activity going on in the s corp then that's a different story of course. 

I have an attorney working on the tax lien but it's still an active lien.

It costs a little bit of money and it takes a little bit of time, but you will learn a lot (especially if you sign on with the right broker) and then you don't have to worry about the possibility of conducting unlicensed activity.

The key is when the property is available and actively marketed for rent.If the separation isn't completed until 2026, you could still deduct the portion of closing costs allocated to the rental unit at that time.

From what I’ve read recently in the Wall Street Journal, the IRS doesn’t seem too picky about who manages the property initially.. what matters is that it’s actively being rented out.Now for Question 2, the key part to keep in mind is whether you hit that 100-hour rule in terms of participation for 2025.

However as a huge coincident I got a text yesterday from one of my Real estate partners of the early 80s who lives in the county my family was very active in . and he said HEY you have overages on one of your moms lots  LOL.. so going to contact the county today and see how this works as she has since passed .. 

Hi @Suhaib Rehman,I don't believe John has been active on BiggerPockets for some time now, but the Cape Coral market, and a few others surrounding, are certainly still feasible for investment purchases depending on your strategy and investment parameters.