Real estate professional status against earned income (W2, 1099, etc.)?

[702]

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Hello all,

I was hoping to get input from physicians, dentists, optometrists, podiatrists, etc who are also real estate professionals in order to offset earned income (W2, 1099, etc.) Looks like a very effective but tricky way to go about it.

Thanks

 

[Neopolymath]

Seems far, far easier for spouse to get it. I know several people with that set up and don't really know anyone that is a physician and met requirements. That's just n=1 though.

 

[forchinet121]

As a physician you can’t meet the requirements unless you work part time which makes no sense because you’re losing much more money than you would save with any tax deductions

 

[702]

Seems far, far easier for spouse to get it. I know several people with that set up and don't really know anyone that is a physician and met requirements. That's just n=1 though.

Thanks for the input.

 

[OraclePL]

Has to be your primary job. Doesn't work for docs. Have the spouse do it. Min 750 hours a year

 

[tartesos]

750 hrs a year is doable if you work 1 week on 1 week off, just document.
I could claim it but my wife does it and it works out the same.