real estate accountant frisco: Dallas TX - Real Estate Professional Tax Classification and the IRS - 11/12/19 04:44 PM
In this week’s installment in our series of taxation and investing in Real Estate we will discuss who qualifies as a Real Estate Professional in the eyes of the IRS and what does it mean to be a Real Estate Professional.  Generally, if I ask any taxpayer who comes into my Richardson TX tax office who owns investment real estate if they are a Real Estate Professional, they will tell me YES, but who actually qualifies under IRS rules.
 
What is a Real Estate Professional?
There are two tests that must be met to qualify as a Real Estate Professional for tax … (0 comments)