989775
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

loco123
New Member

If I own rental property and every year I drive to property and make improvements. Does that make me a professional real estate person?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

If I own rental property and every year I drive to property and make improvements. Does that make me a professional real estate person?

"Does that make me a professional real estate person?"

 

You qualify a real estate professional if you meet 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 businesses in which you materially participated.

 

See https://www.irs.gov/publications/p925#en_US_2018_publink1000104590

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question