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Updated about 8 years ago on . Most recent reply presented by

Chris Knapp's profile image
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Chris Knapp
  • Investor
  • from Park Rapids, Minnesota
  • Member since Dec 17, 2016
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Chris Knapp's profile image
Chris Knapp's profile image
Chris Knapp
  • Investor
  • from Park Rapids, Minnesota
  • Member since Dec 17, 2016
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Chris Knapp
  • Investor
  • Park Rapids, MN
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Tax, SDIRAs & Cost Segregation

Question about filing taxes as a "real estate professional"...

Chris Knapp
  • Investor
  • Park Rapids, MN
Posted
What are the advantages of filing my taxes and claiming I'm a real estate professional? I have 45 rental units, and this is my second business. I'm trying to figure out the advantages or disadvantages. My main career is insurance... I own an agency that I have basically been using to get a jump start into investing. Any advice is greatly appreciated.
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