@DDollar
Can you clarify something for me -
When it says you are considered to be a real estate professional if "more than one half of personal services you provided" were performed in a real property trade I am very confused as to what "personal services you provided" means...
For example:
I am a homeowner who moved to another state and rents out my property to tenants. I work a separate full time job as a missionary. For 6 months of the year I had a property management company taking care of the property, and for the other 6 months of the year I myself took care of managing the property.
Does this "personal services provided" refer to my interacting with the tenants within my capacity as a landlord, (in which case, yes 50% of my work was my own doing - and I own the property) - or does it refer to something else? (in other words - you need to actually be running and maintaining properties as a manager or landlord as your main job) ?
