The Real Estate Professional Status cover image

What Hours Counts For REPS? - Ryan Pulice

The Real Estate Professional Status

CHAPTER

Understanding Material Participation in Real Estate

This chapter explores the significance of material participation in classifying income as non-passive within real estate and other business activities. It discusses the criteria for qualifying as a real estate professional, the impact of proposed grouping elections, and clarifies the distinctions between passive and non-passive income. Key nuances in tax codes and misinformation on social media about taxation and wealth protection are also examined.

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