If you qualify as a real estate professional, you could access a set of tax rules that offer valuable deductions and benefits for those actively involved in real estate as their primary occupation. If you own multiple properties, it may be worth checking with your CPA to see if you meet the IRS criteria to […]
You might be a real estate professional
If you own several properties, you may want to check with your CPA to see if you qualify – in the eyes of the Internal Revenue Service (IRS) – to be classified as a real estate professional. The IRS has a special provision with specific criteria to determine if you qualify as a real estate […]