The Internal Revenue Service is paying close attention to the definition of “Real Estate Professional” when it reviews tax returns. Under the IRS Code and Regulations, real estate professionals are defined as those who spend 750 hours or more annually handling real estate-related activities.
Real estate professionals with property investments cannot record more than $25,000 in [...]
IRS is Eyeing Real Estate Practitioners
February 22nd, 2008 · No Comments · Real Estate Stuff
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