Could unlocking the secrets of the IRS Publication 925 be the game-changer in your real estate ventures? This episode peels back the layers of what it means to be a real estate professional and the substantial tax benefits that could follow. I'm Brian Kiczula, your guide through the maze of passive activity and at-risk rules, demystifying how rental income could be reclassified from passive to active, offering a chance to use losses to offset other active income.

The Real Estate Explainer podcast is produced and hosted by Brian Kiczula. Brian has been helping real estate investors navigate the changing real estate markets since 2002. Brian is a licensed Real Estate Broker and Cost Segregation Specialist. The podcast features interviews with real estate industry professionals in niche markets across the United States.

Discussion points:

• Get IRS Publication 925 and read it!
• How to qualify as a real estate professional
• You have to work in the business for more than 50% of your time
• That amount of time has to be at least 750 hours during the tax year
• Passive vs. active income
• What activities qualify for real estate professional status
• How to get real estate professional status
• Send us your questions and comments, we’re happy to help

Resources:

IRS Publication 925     https://www.irs.gov/publications/p925

Brian Kiczula LinkedIn  https://www.linkedin.com/in/briankiczula/

Real Estate Explainer  https://realestateexplainer.com/

USTAGI  https://ustagi.com/