Posted by David(Ca) on March 29, 1999 at 19:03:21:
JHyre:
Are there other targeted professions, how about real estate brokerage?
Dave
Posted by David(Ca) on March 29, 1999 at 19:03:21:
JHyre:
Are there other targeted professions, how about real estate brokerage?
Dave
1040 Occupation? - Posted by Bob-MD
Posted by Bob-MD on March 29, 1999 at 13:20:04:
I am in the process of doing my taxes and the thought occurred to me about what I should list my occupation as, so as not to have the IRS consider me a dealer. Last year my accountant listed my occupation as “real estate investor”. Is this asking for trouble?
Bob-MD
Probably Doesn’t Matter - Posted by JHyre in Ohio
Posted by JHyre in Ohio on March 29, 1999 at 15:14:17:
In the context of tax, “dealer” is a status, not a profession. If you are in fact a real estate investor, that is all that you need to disclose. Whether or not you are a “dealer” depends on how you sell (frequency, intent, etc.). To my knowledge, real estate investors are not currently a “target” profession (sadly, attorneys are).
John Hyre