ColeenD3
Expert Alumni

Investors & landlords

You may have skipped the question at the very beginning of the rental section that asked if you were a real estate professional. It will ask about the number of hours you worked and what percentage of time you spent.

 

Qualifications. You qualified as a real estate professional for the year if you met both of the following requirements.

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

• You performed more than 750 hours of services during the tax year in real property trades or business.

 

Pub 925