I would suggest getting with a tax professional to assist you since there's a lot of variability depending on your specific situation not only on a federal level, but with state reporting as well.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

When I was starting out in real estate, I faced a similar challenge and found that connecting with local investors and professionals was invaluable.

Luxely is geared toward social media content and strategy, mostly from an RE professional (realtor, mlo, etc) perspective.

“Real estate professional” status has no effect on this.

You may want to discuss that as you select your tax professional.

I believe his name started with a B, but looking to do more outward networking this year and would love to see the list.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I recommend that you build your team with qualified tax and accounting professionals.

Do you find it hard to network or simply hold conversations with others?