Hi Bigger Pockets Community,
New member here...Im looking for some advice on whether I should be classified as a REPS or not for 2023 Tax year as my CPA isnt much help on determining if I should make this designation...

Hi All,I am claiming RE professional in 2019.  I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership.  Ca...

Hypothetical question: A married couple, Jim and Maria. Maria is a professional who earns $750,000/yr in W2 income. Jim takes notice, and thinks to himself: maybe I should quit my job to become a real estate professio...

I'm employed as a W2 computer engineer, while my wife works as a W2 software engineer. We have one short-term rental (STR) and two long-term rentals (LTRs). I'm curious about my eligibility for real estate professiona...

Can I get REP status/hours while renovating and converting our primary residence into a fully furnished rental property by end of 2023?
(Through this extensive renovation, I will meet the IRS guidelines for REP [&gt...

We have a home in Florida but are thinking of renting for the winter season and traveling instead this year. If we will be renting for 6 months and a day or more how does that affect our Homestead status? Thank you.

Hello guys,
Considering making moves to achieve REPS.

I have read the rules quoted from the IRS sites that come up on almost every internet post I have found relating to this subject.
Having trouble figuring out ...

IRS-REPS Status - What qualifies as Real Estate Professional?I have reviewed multiple sites blogs posts etc about REPS and found very detailed information, but one area still remains less clear for me. There are 11 ca...

Posting for a friend of mine who would like to remain nameless.  Thank you in advance for anyone that can shed some light for him.  He is a biggerpockets follower so he will see your posts.  ....."Purchased House from...

A potential tenant filed a housing discrimination by maritial status against me (Owner) and realtor (Rental).  The complaint was that we gave an apartment to a family and not her (single person).  Anyone with experien...