Tax Importance of being a “Real Estate Professional”
1 Reply
Jeff Brown
Rental Property Investor from Baltimore, MD
posted about 2 years ago
I just received my tax return. I got killed because I’m not a “Real Estate Professional”. I’ve never heard any discussion of the importance of this qualification.
Curt Davis
Flipper/Rehabber from Memphis, TN
replied about 2 years ago
You get a larger tax break if you are full time in real estate. Now if you work a job but own a lot of homes, that still benefits you but not as much as if you were full time.
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