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What is the difference between REPS hours and material participation hours? My understanding is that material participation are hours that you are actively doing for your properties (day to day and trying to improve t...
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Hello,I have read the requirements to qualify for material participation on an STR, but I only see info on hours/ work preformed. Are there stipulations on having a full time job, or a threshold of how much income you...
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Hi! I'd like to house hack my first property using the Invest Atlanta program (Home Atlanta 4.0). Can anyone recommend a lender who participates in this program? There's a list of participants here.
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For those working full-time jobs and self-managing rentals, do you qualify for material participation? 500 hours seems like a stretch for those that tend to only spend 30-60 min/week managing their properties.
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IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
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Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
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hello all, I am trying to purchase a 2nd property and have a couple of strategies I can implement but i am truly at a crossroads . Currently I have the ability to purchase a single family residence for a price that wo...
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Is it possible using an LLC structure for buy/hold where I purchase the property and retain 100% ownership of the LLC but have a partner member(s) that I spit profits with on a percentage basis? i.e. 50/50, etc.
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Has anyone filed taxes yet as a W-2 employee who owns only STR, rents for on average less than 7 days per rental (STR), and materially participates (usually requires 100 hours or more in a year and more than anyone el...
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Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year. I've read the qualifyin...