Tax Importance of being a “Real Estate Professional”

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Tax Importance of being a “Real Estate Professional”

Jeff Brown
Rental Property Investor · Baltimore, MD · Member since 2018 · 13 posts · 8 votes

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.

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    7y

    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.

    Curt Davis - KAIZEN Realty538 Reviews
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