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!
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