The qualifications for Real Estate Professional are fairly complex. The benefits of becoming qualified as a Real Estate Professional, however, are generally well worth the effort.
One of the qualifications of a Real Estate Professional is based on the “Material Participation” in the management of income producing properties. Click on the link below to download and excellent article from The Bradford Institute called, “How To Materially Participate to Deduct Rental Property Tax Losses“. This article provides details including footnotes and IRS references on what you need to do to satisfy this very important element of qualifying as a Real Estate Professional.