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Updated almost 6 years ago on . Most recent reply

Gretchen Williams's profile image
Gretchen Williams's profile image
Gretchen Williams
  • Investor
  • from Fort Myers, FL
  • Member since Sep 10, 2017

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12
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Gretchen Williams's profile image
Gretchen Williams's profile image
Gretchen Williams
  • Investor
  • from Fort Myers, FL
  • Member since Sep 10, 2017
Gretchen Williams
  • Investor
  • Fort Myers, FL
15
Votes |
12
Posts
General Real Estate Investing

Real Estate Professional Tax designation

Gretchen Williams
  • Investor
  • Fort Myers, FL
Posted

I am selling a self managed building currently.  I am looking to do a 1031 exchange for next project and go bigger.  Ideally I would like to find something big enough to warrant using a PM.  I have always used the Real Estate Professional option when filing my taxes.  Will I loose this option if I hire a PM?

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Taylor L.'s profile image
Taylor L.'s profile image
Taylor L.
  • Rental Property Investor
  • from RVA
  • Member since Jun 22, 2016

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Taylor L.'s profile image
Taylor L.'s profile image
Taylor L.
  • Rental Property Investor
  • from RVA
  • Member since Jun 22, 2016
Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Will you still be spending the requisite amount of time on your real estate business, and not spending more time on another business?

1 Vote
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