I completely run my rental business on 7 rentals, do I qualify as a real estate professional?

[MinhT1]

Having 7 rentals or spending more than 750 hours in real estate alone is not sufficient to qualify as a real estate professional. You need to pass all the following four tests.

In TurboTax, you need to check both boxes saying that you spend more than 750 hours a year actively involved in real estate and that you spent more than 50% of your work-related time involved in real estate

You are a real estate professional if all of the following are true:

 - You materially participated in a real property trade or business.

 - More than half of your time is involved in real estate activities during the year.

 - You materially participated for more than 750 hours in this business.

 - You materially participated in each rental real estate activity.

As a real estate professional, you can deduct losses from real estate activities against your ordinary income. This can potentially help reduce your overall tax liability. This tax status is specifically intended for real estate professionals, allowing them to maximize tax deductions related to their real estate activities.

[M-MTax]

Per Section 469(c)(7)(B), in order to qualify as a real estate professional:

* more than one-half of the personal services you perform in trades or businesses during the taxable year must be performed in real property trades or businesses in which you materially participate, and

* you must perform more than 750 hours of services during the taxable year in real property trades or businesses in which you materially participate.