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Avi Spielman
  • Investor
  • Nashville, TN
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To Declare as a "Real Estate Professional" or Not

Avi Spielman
  • Investor
  • Nashville, TN
Posted Oct 25 2016, 20:57

Hi, I'm hoping this is the right forum for this question :) 

I'm a developer turned property owner with a growing portfolio of rental properties. 

My CPA currently does not declare me as a "Real Estate Professional" (even though I qualify) stating that there would be more complications than solutions to offset my ordinary income. Since I am new to this side of the business, I am wondering what everyone thinks about the pros (+) and cons (-) of being a "real estate professional" from a tax standpoint. 

Please also share any links, books, or podcasts that can help me make an educated decision. 

Thanks!  

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