Comments on: Can any owner of rental real estate qualify as a real estate professional? http://www.minnesotainvestmentrealestate.com/owning-property/can-any-owner-of-rental-real-estate-qualify-as-a-real-estate-professional/ How to find, buy, and own investment property. Tue, 07 Feb 2012 17:08:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mn real estate http://www.minnesotainvestmentrealestate.com/owning-property/can-any-owner-of-rental-real-estate-qualify-as-a-real-estate-professional/comment-page-1/#comment-1377 mn real estate Sun, 26 Jul 2009 18:56:34 +0000 http://www.minnesotainvestmentrealestate.com/?p=1155#comment-1377 Great info Scott. It is crucial as a real estate investor to really understand the ins and outs of tax consequences and what investors can actually write off, etc. Great info Scott. It is crucial as a real estate investor to really understand the ins and outs of tax consequences and what investors can actually write off, etc.

]]> By: Tenant Screening http://www.minnesotainvestmentrealestate.com/owning-property/can-any-owner-of-rental-real-estate-qualify-as-a-real-estate-professional/comment-page-1/#comment-1376 Tenant Screening Sat, 25 Jul 2009 15:21:40 +0000 http://www.minnesotainvestmentrealestate.com/?p=1155#comment-1376 I think this particular rule "reo professional" gets abused a lot and I'm very surprised it's not (or who knows maybe it is) a big red flag with the IRS. I really WISHED I qualified, but to spend 720hrs/yr, and document it, is ridiculous. My loss means somebody elses gain, means somebody elses tax, it shouldn't be taxed PERIOD. I think this particular rule “reo professional” gets abused a lot and I’m very surprised it’s not (or who knows maybe it is) a big red flag with the IRS.

I really WISHED I qualified, but to spend 720hrs/yr, and document it, is ridiculous.

My loss means somebody elses gain, means somebody elses tax, it shouldn’t be taxed PERIOD.

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