Retirement tax questions


@arcontento wrote:

It wont let me deduct % because my income is not qualifying. I am a active (over 900 hrs annually) real estate professional would this qualify? 


No, it would not qualify, at least not absent other circumstances.

 

Fees from actively managing rental properties is earned income subject to self-employment tax (and therefore "qualifying") while rental income from rental real estate is not; the latter can be either active or passive but the income is not considered earned income subject to self-employment tax.

 

See https://www.law.cornell.edu/cfr/text/26/1.1402(a)-4