topic No, she is in Real Estate to make a profit. The IRS would... in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-she-is-in-real-estate-to-make-a-profit-the-irs-would/01/210801#M8172 <P>No, she is in Real Estate to make a profit. The IRS would view this as a business. They could question the loss if it looks like there is an alternative motive for producing a loss.&nbsp;</P> Sat, 01 Jun 2019 18:10:03 GMT KrisD 2019-06-01T18:10:03Z My wife has been in Real Estate for over 30 years. She has earned a profit in only 2 of the last 5 years. Does the 3 out of 5 year business vs hobby guideline apply? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/my-wife-has-been-in-real-estate-for-over-30-years-she-has-earned-a-profit-in-only-2-of-the-last-5/01/210785#M8171 Sat, 01 Jun 2019 18:10:01 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/my-wife-has-been-in-real-estate-for-over-30-years-she-has-earned-a-profit-in-only-2-of-the-last-5/01/210785#M8171 jlbright5 2019-06-01T18:10:01Z No, she is in Real Estate to make a profit. The IRS would... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-she-is-in-real-estate-to-make-a-profit-the-irs-would/01/210801#M8172 <P>No, she is in Real Estate to make a profit. The IRS would view this as a business. They could question the loss if it looks like there is an alternative motive for producing a loss.&nbsp;</P> Sat, 01 Jun 2019 18:10:03 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-she-is-in-real-estate-to-make-a-profit-the-irs-would/01/210801#M8172 KrisD 2019-06-01T18:10:03Z