taxlady49 Posted February 14, 2008 Report Posted February 14, 2008 New client who qualifies as a real estate professional. After several years of losses he is finally showing a profit. Is this profit subject to SE tax? Thanks, Barb Stevens Quote
jasdlm Posted February 14, 2008 Report Posted February 14, 2008 Why wouldn't it be subject to SE tax? What am I missing? Quote
michaelmars Posted February 15, 2008 Report Posted February 15, 2008 profit from rentals is not subject, even for a re professional. management fees are subject. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.