Jonathan Small
$25,000 Special Allowance for Rental Real Estate Activities With Active Participation
I am thankful and looking for feedback from our professional tax preparers. My wife and I don't qualify for real estate professional status. We make over 150k a yr. We have 5 rentals in seperate LLCs that have creat...
Douglas Holt
Real Estate Professional Status and material participation in new development hours?
I am looking to understand if development and construction hours for new multifamily project are eligible for material participation to earn real estate professional status the year it comes online.I have land and loo...
Aaliyah Iman
Phoenix, AZ and Florida Tax Auction Fees and How to Participate.
Hello, all!I’m a newbie to the investing world and am still in my research phase. I wanted to ask something I couldn’t find in the forums, or on the internet.
I currently live in Tallahassee, Fl but plan to move to P...
Alfredo Cardenas
Reps Status (via wife) & Material Participation to offset W-2
Hello, Anyone has experience using REPS status via their wife or husband to offset W-2? MY 2024 W-2 will be more than $300K and this year (2024) I married a real state agent. I have been reading a lot and educating m...
Marc Shin
how to people who manage STR's track "Active Material Participation Activities"?
How do people who acquire and manage STR's track the time for their Active Material Participation activities? Can someone share with me a template or something that I can use to track these activities?
Annie Anson
How to meet material participation hours for out of state investors
My husband and I are ready to invest in our first vacation property, likely in Florida. We hope to eventually have multiple properties, but want to take our time to learn and make the right decisions with our first re...
Joe Spinelli
Real Estate Professional - 750 hour question
Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
Brian Morgan
Me big W2, spouse RE pro. How write off 1/3 LLC losses?
Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Jim S.
Real estate professional - rentals & flipping
I've been reading old posts about the "real estate professional" status (of which there are many) but it isn't clear to me if flippers can utilize losses from their rental properties if they don't self-manage their pr...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...