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  • Are you a real estate professional or a real estate investor?

    Who cares? It seems IRS does! Wall Street Journal had this recent story about how some real estate professionals, who also are real estate investors, are being scrutinized. The distinction is important for IRS, because full-time real-estate professionals, defined as someone who spends more than half of his working hours in real estate and ...
    Posted to Monika Kumar (Weblog) by 34831 on March 2, 2007