That is the jist, i would like to add to the responses above that even in the future if you qualify for real estate professional status, those losses cannot offset active income since in the year you generated the losses you were not real estate pro.

Started sending monthly emails back in July/August seeking status updates and was always assured that my taxes were in the que and would be processed in the order received.

Not saying this will be true in your case, but always question the status quo!

It isn't the same as us telling folks where to rent a boat.Michael - Curious what part of taxable status would be affected here.

With "Condo Status" comes not just increased desirability, but also higher appraisals during refinancing.

Unless you qualify as a Real Estate Professional Status (REPS), you'd have same tax benefits rather it's in your current name or an LLC.

In-Law status can be remedied by building a second entrance.

Once the contact is generated, I make a brief note stating what the seller said in the voicemail, mark the lead status as "Make first Contact", assign the lead to myself inside the CRM (just in case you work with others), and ALWAYS create a task!

I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate. What a pain! 
What problems you face for tracking time spent on RE activities? 
Would love to chat more. DM me.

Only 3 cases exist that I know of of individuals successfully defending themselves before the tax court of qualifying for real estate professional status while having a full time job.