How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity
American Apartment Owners Association
DECEMBER 18, 2024
It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. Both of these criteria must be met, and the IRS requires solid documentation to back up your claim. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim.
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