What Is Real Estate Professional Status?
Real estate professional status is an IRS tax classification for taxpayers who spend more than 750 hours a year and over half their working time materially participating in real estate activities — qualifying them to deduct rental losses against ordinary income without the usual passive-loss limits.
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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