Updated almost 5 years ago on . Most recent reply
Real Estate Professional Status
Hello BP - Im W-2 wage earner and a passive RE investor (20 units) and wanted to see if anyone out there was willing to share their story regarding the real estate professional status. Ideally Im looking to make my wife to have the status so I can write off passive losses now vs carrying losses over the course of time. I understand the metrics hat need to be achieved to maintain the status (material participation etc) so looking for did this status help your tax situation and how. Thank you.