It pays for landlords to qualify as 'real estate professional'



According to Inman News, untilrecently, landlords who earned profits from their rental real estate would not need to be concerned if they qualified as real estate professionals for tax purposes. As of 2013, this have effectively changed for many Landlords. Qualifying as a real estate professional may give an added tax benefit to landlords who earn profits from their rentals because,by qualifying as a Real Estate Professional they will not have to pay the Net Investment Income tax (NII tax) on those profits, which could be as much as 3.8% in some circumstances.




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POSTED September 25 2013 11:49 AM
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