Establishing REP status for purely NNN properties?

[Ravinder Mahal]

Has anyone successfully filed an tax return as a Real Estate Professional while managing a purely NNN portfolio?

If so, what activities did you document to prove that you materially participated in active managememt?

[Yonah Weiss]

@Ravinder Mahal, I'll wait for some CPAs to chime in to verify, but there are a few things to consider.

If these are reimbursements of tax and insurance, your time spent managing the books, and dealing with that. Some other activities, especially if you own a number of properties would be, sourcing deals, process of acquiring, banking, writing checks, and other asset management activities.