Meanwhile, now the heirs have to manage the properties, or the property manages, and increase the complication of their tax returns.Unfortunately, I don't know of an "investing" forum where you have experienced real estate, securities, and may other asset investors to give a fair shake at it.Good luck.

(my understanding is that under 4 doors youre considered more mom and pops rather than professional, so the expectations arent quite as high)I firmly believe in:1.

If you plan to buy 100 rentals, you may potentially be eligible to claim real estate professional status.Furthermore, another thing to be known about Ohio, is that there are a lot of locality filing obligations on top of what is required at the state level.Therefore, for example, if you have a property in the maple heights, you would have to file a return reporting your maple heights income/expenses in addition to the Ohio State return.

You can offset regular income with real estate losses if you are a real estate professional, which as you mentioned with your w2 is not possible.

Readers are advised to seek professional advice 

A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.

I am curious if I should just go ahead and complete my taxes myself or should I continue to have them professionally prepared by a tax attorney.The reason why I am asking this is because I don't know if I am getting reasonably value out of my current arrangment. 

On time, called to confirm. polite, professional.

I want to be appropriate and professional, so its great to get your feedback. 

Hello,I have a question for some experienced investors.I recently purchased a property that was illegally made into a duplex with zoned central air and gas, and would fit all categories if stairs were rebuilt from top deck.