Must have been nice 😛 To qualify for the status there are two tests: 1. spend 750 hours in a real property trade or business, AND spend more then half your working time in it.

3/15/24Home sellers would no longer be forced to pay up to 6 percent commission to agents under a settlement that experts say will drive down prices.American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.

I used an online crash course and it helped, also for the trade exam.

However, expenses while at the destination which are properly allocable to the taxpayer's trade or business are deductible even though the traveling expenses to and from the destination are not deductible.(2) Whether a trip is related primarily to the taxpayer's trade or business or is primarily personal in nature depends on the facts and circumstances in each case.

But with all things, there's a trade off. 

It's not as much as you think and will save you tons in the end because they make it much easier for the bookkeeper to do their job and categorize items correctly so that when you send your files to your CPA there is little to do and everything was already optimized by the CFO to capture the best tax write-offs PLUS you've made the best trade-offs.  

  - For purposes of trading equal or up in value (which is necessary in a 1031 to defer all taxes), the value of the property you build is purchase price at time of acquisition + cost of improvements completed before the exchange completes. 

I have a company apron 20 something people we profit over 800k last year had it sold with 8 full price offers and 2 over full price offers didn't like the way our broker handled the deal so we moved on and we stoped it at the second we were uncomfortable the seen somewhere on here how someone did this so I thought I would post so if anyone sees this or know how to do this let me know its probably not done right or in the right spot sorry about that looking for some help like to trade so we have income thanks for any help ,, this is in the tree and landscape business ,,, we are located in phoenix az 

I don't pay for tools, supplies (of the trade), food or drinks... 

It'd be a complete fragmentation of the trade association.