327: Real Estate and Taxes: What You Need to Know!
Wealth Formula by Buck Joffrey
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How Do I Qualify as a Real Estate Professional?
To qualify as a real estate professional, you need to spend 750 hours in a real property trade or business. You cannot work more in real estate than you can at your full time job or your full time business a. People that lose ir s audits with realistate professional status are often people who book research time and education time on the tax form but it doesn't count.
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