qualified real estate professional

qualified real estate professional

An outdated IRS term related to the passive activity rules. See real estate professional, which is the modern term.

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The tax court thus held that the Trask was a qualified real estate professional within the meaning of section 469(c)(7)(B).
Every hour spent by the taxpayer that counts toward material participation with respect to the actual properties owned by the taxpayer also counts toward the hours required to be a qualified real estate professional (as they fall within both circles).
com) have embarked upon a consumer awareness campaign to ensure that prospective home buyers and home sellers know that while there are many avenues for researching real properties available for sale, the most timely and reliable information can only come direct from a qualified real estate professional.
Still, homeowners are quite naturally concerned about overbuilding for their neighborhood, and where this is a major concern, there is no substitute for an independent appraisal by a Realtor or other qualified real estate professional.
In 1994, T became a qualified real estate professional.
com, to help home buyers throughout the Mid-Atlantic region find their perfect home and a qualified real estate professional.
Home buyers love the fact they can search all homes on the MLS and meet a highly qualified real estate professional when they're ready to buy a home.
This has attracted large-scale projects such as Shams 1 whereby an on-site, well-trained team of highly qualified real estate professionals satisfy all client requirements.
Qualified real estate professionals who fail to make the grouping election may not currently rely on the safe harbor reporting provision of Revenue Procedure 2010-13.
Qualified real estate professionals often overlook the fact that they are able to treat their unrelated real estate rentals as nonpassive activities.
While passive loss reform measure in the House version enables qualified real estate professionals to use losses from rental property to offset income from all business activity, the Senate version will only enable the rental losses to be used to offset income from that activity.
We're committed to making the home buying and selling process easier and connecting home buyers and sellers with qualified real estate professionals to help them close their transactions.

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