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Deductions & credits

No you do not need to attach a written statement. Just check the appropriate boxes in TurboTax. 

You qualify as a real estate professional for the tax year if you meet both of the following requirements.

  • More than half of the personal services you perform in all trades or businesses during the tax year are performed in real property trades or businesses in which you materially participate.

  • You perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participate.


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