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Topic: Tax question on Qualified Real Estate Activities (Read 1156 times)
amasters
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Tax question on Qualified Real Estate Activities
«
on:
May 07, 2003, 06:51:31 PM »
In Diane Kennedy's book Real Estate Loopholes she talks about what it takes to be a qualified Real Estate Professional to claim taxes. She has a list of things that quailify, but doesn't list education or time starting the business. Do these activities qualify as hours towards being a Real Estate Profesional
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«
Reply #1 on:
May 11, 2003, 06:08:38 PM »
amasters,
I really don't know the answers to your question, but the post looked lonely without a response.
My guess is that neither education nor start-up time would be counted in the hours required category. I would think there are other items on the list that would be easier to do to qualify?
I haven't read the book yet. If you have a ready reference, perhaps you could list the activities and time requirements needed so others could benefit?
Just a thought...
Thanks.
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