Alright guys and gals - this one is juicy (and a bit lengthy), so buckle up,
Today, we're diving into the world of short-term rental tax strategy, exploring both the opportunities for success and the pitfalls to avoi...

I'm planning on doing a rehab project from a distance. This may mean a combination of buying materials for the job myself and having a contractor buy materials.Any tips on setting up a project in such a way so that an...

What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.

Ok. Here we ...

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...

Hypothetical situation: If I am working towards material participation hours on a relatively small property in terms of total value but get there in terms of the technical hours and the test, and say later in the yea...

As a forensic accountant and fraud examiner, I have dealt with numerous cases in which a land owner and general contractor face disputes with one another 1. Over the amounts of materials actually purchased and used fo...

HiTo meet IRS requirements for a Real Estate Professional would the management of 5 different Property Managers qualify?

What tools are people using to automate their rehabbing/flipping business?

In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations. According to passive activity loss rules, every business is obli...

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...