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.
Click on the link below to download and excellent article from The Bradford Institute called, “Qualify As A Real Estate Professional To Deduct Rental Losses“. This article provides details including footnotes and IRS references on what you need to do to satisfy the very important elements of qualifying as a Real Estate Professional.
It’s a Good Life!
Randall A. Luebke RMA, RFC