Anyone can declare real estate losses against their active income if their income is under the AGI threshold but only someone whose PRIMARY profession is designated to be a real estate professional will be able to offset active income. 

Realtors are the highest turnover as a profession in the United States. 80 percent will quit within 8 months..

Email complaintsFill out a Business and Professions Complaint form.Email your form and all supporting documents to [email protected] complaintsFill out a Business and Professions Complaint form.Mail your form and all supporting documents to:Centralized Investigations and Audits UnitDepartment of LicensingPO Box 1098Olympia, WA 98507-1098

He is a painter by profession so everything he does for me is a side job.

A huge motivator for why I chose this profession was the opportunity to get some traction with real estate while I work my W2 job.

With over 25+ years of experience in the accounting profession having served with Big 4 and large middle market accounting firms, I am well versed in real estate tax law.

People are happy to share and talk about what they do for a living, and are excited when someone wants to learn about their profession. 

I was under the impression that a net loss would allow me to deduct from my 9-5 salary from my profession.

Are you looking to get into a specific real estate profession (investor, PM, agent, construction, etc) or planning to do it on the side?

3) SM Property Value Appreciation Trends4) SM Pop Growth5) Safety compared to the rest of Dallas6) Income - median and avg7) Rent Cost - median and avg8) Rent Growth Trends9) What percentage of population under poverty line10) What percentage of pop are families 11) What percentage of population are families w kids12) Avg people in a household12) historical vacancy rate13) avg bed/bathroom composition14) Profession by percentage 15) Commuter population by percentage and commute timeThanks y'all!