Posted by & filed under Stockton Real Estate.

“Ballpark Guesstimate” Insufficient To Support “Real Estate Pro” Status
Forbes
A “real estate professional” may treat rental real estate activities as non-passive if the taxpayer “materially participates” in the rental activities. Taxpayers claiming to be a real estate professional should contemporaneously document their efforts

…read more

Leave a Reply

Your email address will not be published. Required fields are marked *