0:49

Mark Kohler explains what the IRS considers a real estate professional for tax purposes. A 1099 transaction coordinator likely doesn't qualify, though about 13 occupations do, including mortgage and real estate brokers. He recommends checking IRS code or consulting a tax professional.

Questions this video answers

Probably not; the IRS’s 13 qualifying occupations do not clearly include transaction coordinators, so it would be a stretch. Verify by reviewing the IRS code or consulting a tax professional.

Chapters

More from MARK

0:24
youtube.com

Why you need both a Will and a Trust #estateplanning #finance #wealth

3w ago
0:45
youtube.com

Why you need a living trust 📝 #estateplanning #trusts #moneytips

3w ago
0:33
youtube.com

The easiest way to track your business profit #quickbooks #smallbiz

4w ago
0:53
youtube.com

How To Be A Real Estate Professional (IRS Rules) #investing #taxes

4w ago
0:27
youtube.com

The secret to managing your family's future #financialfreedom #estateplanning #shorts

4w ago
0:35
youtube.com

Your Trust Is Worthless If You Don't Do This

4w ago
0:47
youtube.com

Are your clothes actually a tax write-off? 🤔 #taxhacks #entrepreneur

1mo ago
0:49
youtube.com

Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips

1mo ago
0:29
youtube.com

Simple steps to true asset protection #protection #wealth

1mo ago
0:26
youtube.com

How to build a real business foundation #entrepreneur #growth

1mo ago
1:18
youtube.com

Don't Pay Capital Gains Tax on Your Home Sale #taxes #realestate

1mo ago
See all content