To become a real estate professional, you must work in the real estate industry for 750 hours. You must also devote more time to real estate than to any other endeavor.
Now, what if you have out-of-state rental properties?
Does time spent managing property managers count toward REP status?
Is it possible to qualify as a real estate professional without participating in the day-to-day operations of your rental?
Find out in this video from The Tax Smart Real Estate Investors YouTube channel.
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