In general, to qualify as a real estate professional (doesn't mean you have to be a licensed Realtor):
- more than 1/2 of the your total personal services are performed in real property trades or businesses in which you materially participate
- you perform more than 750 hours of services during the year in real property trades or businesses in which you materially participate
Another thing to mention is that Sch E filers aren't subject to self-employment tax. If you file a Sch C, you will be subject to self-employment tax.
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