Real Estate Professional Audit Question
We recently received this question: “I am being audited by the IRS for my real estate activities. The auditor didn’t...
The Final Two Tests to Take Real Estate Professional Status on Your Return
In the last blog, we talked about why a Real Estate Professional status can save you tax money. We also...
Why a Real Estate Professional Status Can Save You on Taxes
The real estate professional (REP) designation by the IRS is actually one that you want to use, if it’s applicable....
The Surprising Problems with Real Estate Developer Tax Status
You may be a real estate developer if: You buy land and hold it for later development, You buy...
Filing a Tax Return for a Series LLC with Real Estate Investments
I recently received a question from a real estate investor who was considering a Series LLC for real estate investments...
The Problems With Real Estate Dealer Status
There are a couple of problems with the real estate dealer status. Your best way to handle them is to...
Three Types of Real Estate Investors
There are three main types of real estate investors: Real Estate Developer. This is someone who improves or changes the...
The Difference Between a Real Estate Business Owner and a Real Estate Investor
The term “real estate investor” gets thrown around a lot. When it comes to the IRS, though, the term has...
Should You Take the Advice of an IRS Auditor During a Real Estate Tax Audit?
We recently received this question from a reader: “I am being audited for my real estate properties. I have 8...
Real Estate Investor Asks about Property Management Fees to Self
We received a question regarding an LLC (limited liability company) that had multiple members. It had the default tax treatment,...