Are You A Real Estate Professional? Maybe Not, Says IRS.
This article was written by Diane Kennedy and sent to me by Sandyleee Sanderson of Star Investment Analyzer, LLC If you’re a real estate investor who has ever taken a real estate loss on your tax return, there is a target on your back. For months, members on my Forum have been complaining about being selected for audit, and losing, based on the IRS’s new set of real estate professional guidelines. Under tax law, a “real estate professional” isn’t always a licensed real estate agent or a bro
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