Dealer in real property Archives - John R. Dundon II, Enrolled Agent

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Dealer in real property Tag

23 Nov Difference between a real estate professional, a dealer in real property and an investor in real estate for tax purposes

Posted at 00:00h in Rental Real Estate

A real estate professional must spend more than one half his/her time on ‘real property business.’ Unless the real estate professional ‘materially participates’ in rental activity losses are passive. A real estate dealer of real property sells and buys properties on a frequent and substantial basis...

01 Nov 3.8% Medicare Tax Post 2012 is not limited exclusively to real estate transactions

Posted at 00:00h in Medicare, Rental Real Estate

A recent Congressional Research Service (CRS) Report sheds some light on the misconception that the 3.8% Medicare contributions tax on unearned income, which was added by the Health Care and Education Reconciliation Act of 2010, and effective for tax years beginning in...

Dealer in real property Tag

23 Nov Difference between a real estate professional, a dealer in real property and an investor in real estate for tax purposes

01 Nov 3.8% Medicare Tax Post 2012 is not limited exclusively to real estate transactions

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