In this engaging discussion, Ryan Pulice, a Virginia-based tax and accounting expert specializing in real estate tax planning, unpacks the intricacies of Real Estate Professional Status. He clarifies how construction activities can shape your status and the importance of material participation for tax benefits. The episode delves into the complexities of tracking qualifying hours, including travel time and meticulous record-keeping. Ryan also shares legal precedents and practical tips for navigating IRS guidelines, making this a must-listen for real estate professionals.