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Investors & landlords
@mmiksell wrote:
We have already acquired two more properties in 2021 and now meet all qualifications for real estate professional......
Ensure that you qualify for real estate professional status; merely adding new properties, without more, does not meet the official criteria.
See https://www.irs.gov/publications/p925#en_US_2020_publink1000104591
Note that you can also generate a blank form in TurboTax on which you can make the election.
May 30, 2021
9:30 AM