Who is not considered a ‘real estate professional’ for tax purposes? - John R. Dundon II, Enrolled Agent
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Who is not considered a ‘real estate professional’ for tax purposes?

Who is not considered a ‘real estate professional’ for tax purposes?

  1. Attorney specializing in real estate

  2. CPA’s specializing in real estate

  3. Banker or mortgagor

  4. Investment advisor

  5. Financial planner or consultant

  6. Interior decorator

  7. Taxpayer who works on a building but is not in the real property business

  8. Taxpayer who is less than a 5% owner (regardless if he/she is in the ‘real property business or not)