Feature Article
The Desirable (Yet Complex) Real Estate Professional Classification
Being a real estate professional has its tax advantages, And the average landlord does not want to pass it up. But misusing the classification can unravel expected tax consequences.
Investing in rental real estate can be a l... Thomas J. Williams, EA, and Iris K. Palma, JD
Mar/Apr 2021,
Feature Article,
business,
professional,
rental,
trade,
Tax Court,
property,
Schedule E,
real estate,
landlord,
modified adjusted gross income,
MAGI,
participation,
personal service,
nonpassive,
activity