![]() Second, you spend at least 750 hours actually performing these real estate personal services. The IRS considers wages, salaries, and self-employment income personal service income. First, you spend the majority of your time providing personal services doing so in the real estate industry. In simple terms, the IRS wants to confirm two items before calling you a real estate professional. Most investors meet this requirement by participating in an activity for at least 500 hours. NOTE: The IRS offers seven different tests to determine material participation. ![]()
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