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May 20, 2024 | read

I Have Passive Income. Will Qualifying as a Real Estate Professional Help Me? [Tax Smart Daily 029]

Brandon Hall

The rental loss will be regarded as non-passive if the rental activity is passive and you qualify as a real estate professional and materially participate in the rental activity.

Every year, you will be able to claim the tax losses that your rental generates.

But what if there aren’t any rental losses? Let’s find out in this video.

Listen in to learn:

  • Why it is beneficial to qualify as a real estate professional if you have passive income
  • How a real estate professional status can help you if don’t have rental losses
  • Why you should track towards the real estate professional status early in the year if you have a rental portfolio

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