I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...
Hello BPers,I am in the Columbus market and am beginning my search for my initial investment property. Before, though, I want to sit down with a tax professional and discuss all tax implications and benefits in regard...
Where can I find what activities count for qualifying for a real estate professional designation? TIA
Asking for a friend. His wife is interested in notary work. They are wondering if she could be considered a real estate professional for tax purposes if she worked as a self-employed mobile notary.
Hello,
This is our first year with a REI and would like to work with a CPA/ Tax Professional who specializes in the industry. We are Texas residents at the moment, and our first investment property is in New Orleans...
Hi, I am very new to real estate investing. We have a had rental property for several years, but I want to take this to the next level. We have a major repair in our rental this year and I know that we are going to ...
Good afternoon, I have a question pertaining to real estate professional status while having a W2 job. I currently work a rotational W2 job (3 weeks on and 3 weeks off) and therefore do have a lot of time off and work...
Hoping to chat with tax professionals who have experience with RE investors and small business owners. Any recs?
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
Hello BP World,I'm just starting out in RE and need to build a team. I need a lawyer that works with Investors that maybe has some property themselves. A CPA that knows the ins and outs when it comes to working for in...