How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity
American Apartment Owners Association
DECEMBER 18, 2024
The 750-Hour Rule: You must spend at least 750 hours during the year actively working in real property trades or businesses where you materially participate. These hours can include managing properties, overseeing repairs, leasing units, and other hands-on tasks related to your real estate activities.
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