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      • Ask friends and colleagues for referrals to find several prospective agents. Look up the agents' websites and online profiles, read about their specialties and experience, and check out customer reviews. Choose at least three agents to interview and dig into specifics about how they would work with you.
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  2. Jun 1, 2023 · Hiring the right real estate professional is vital to getting the best deal you can, whether you’re buying or selling. Knowing what questions to ask will help you identify if someone is the...

  3. Dec 22, 2023 · To be considered a real estate professional, the IRS stipulates that you must spend a minimum of 750 hours per year materially participating in real estate activities, and this must represent the majority of your working hours.

  4. The real estate professional tax status is an official designation recognized by the U.S. Internal Revenue Service (IRS) for taxpayers who spend significant time in real estate businesses. This status can provide significant tax benefits, allowing the offset of non-passive income with rental losses that would otherwise be considered passive and ...

  5. Find a local real estate agent to help you buy or sell a home. Our agent connection services are free - no hidden fees or obligations.

  6. Apr 12, 2024 · Hiring a professional real estate agent when buying or selling a home can help you make smart decisions and avoid costly mistakes. But not just any agent will fit the bill. Here's how to...

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  7. Sep 9, 2020 · Attorney Carl Zoellner breaks down the IRS tests for qualifying as a real estate professional and the tax benefits available to those who qualify.

  8. Qualifying and substantiating real estate professional status starts with understanding how an auditor will assess your situation and your tax return. Review the above, especially the questions, and build support today that answer the questions.

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