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Deductions & credits
Yes, 2025 i qualified as a real estate professional. I kept notes and mileage and pictures and participated. etc. My only problem is that I was not able to have it ready to rent by the end of 2025. I mean, it was rentable, but there was still plenty to get done before I was ready to move someone in... I talked with a rental management company in December 2025, I got one offer to rent while I was working on the property. My wife and I were really all-in on this property.. Just could'nt quite get it finished.. We bought the house in May of 2025, did extensive remodel and always had every intention of keeping it as a rental unit. I am retired, so that is how the 50% etc rule was easy to make. It looks like it may be that all of this matters not, if not rented in 2025. I would appreciate any additional comments. Thanks