To anyone who has knowledge, here is my situation:
I own and operate mandate manage two residential rental properties. I also work in the commercial real estate industry as my main job performing accounting duties for a real estate company that own, operates, manages a portfolio of commercial real estate. Can I qualify as a real estate professional as a result? I and my wife combined make over 150k but have paper losses in our rentals we would like to offset our other income with.
Thanks in advance to any one who can offer advice!