šŸ  Real Estate Professional Status: Unlock Unlimited Deductions
For 2026, the criteria forĀ Real Estate ProfessionalĀ status remains a powerful tool. If you qualify (more than 50% of personal services in real estate trades with over 750 hours), your rental activities are considered non-passive. This allows you to deductĀ unlimited rental lossesĀ against your other income (like W-2 wages or business profits)—a game-changer for high-income investors.
šŸ‘‰Ā Tip:Ā Meticulously log your hours. A contemporaneous time log is your best friend during an audit.
Have you ever qualified for Real Estate Professional status, or do you plan to track your hours to try this year?
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Luke Wise
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šŸ  Real Estate Professional Status: Unlock Unlimited Deductions
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