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Tax, SDIRAs & Cost Segregation

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98
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John M.
  • Real Estate Investor
  • Knoxville, TN
13
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98
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Real Estate Professional?

John M.
  • Real Estate Investor
  • Knoxville, TN
Posted Aug 3 2008, 10:47

What are the pros and cons of being considered a "Real Estate Professional" by the IRS. The main thing, as far as I can tell, is that the losses you can calim are not limited. Anything else? Searching for this topic turns up so much unrelated clutter that I can't find much good info.