Written by: on , Information Verified by a CPA.

How Qualifying as a Real Estate Professional Creates BIG Tax Savings [Tax Smart Daily 001]

A Short Read

Topics

Table Of Contents

    Welcome to the very first episode of our new Tax Smart Daily series! This is a weekly video series that covers tax topics and answers questions that real estate investors ask on our social media.

    Today we are talking about the Real Estate Professional Status. Enjoy!

    Listen in to learn:

    • The benefit of having the real estate professional status
    • How the real estate professional status provides big tax savings
    • The qualifications for being a real estate professional
    • Why it is important for real estate professionals to materially participate in real property trades or businesses

    Subscribe to The Tax Smart Real Estate Investors YouTube channel for more answers to real estate tax questions!

    Recent Articles

    ★★★★★

    Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

    Mike Dymski - Business Owner