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URL:https://www.learndesk.us/class/6235836347580416/lesson/377fe9d03fe18c27f3fef66c45dc999b?ref=outlook-calendar
SUMMARY:Real Estate Professionals and Asset Grouping
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6235836347580416/lesson/377fe9d03fe18c27f3fef66c45dc999b?ref=outlook-calendar
DESCRIPTION: 
Real Estate Professionals and Asset Grouping
Real Estate Professionals
We have mentioned real estate professionals throughout this course so let's discuss the benefits they enjoy pertaining to rental real estate and how a taxpayer becomes one. As mentioned, rental property is considered a passive activity even with material participation unless the taxpayer is a real estate professional. If a real estate professional materially participates in rental real estate activities, the activity is considered active and the taxpayer can deduct losses from real estate activities against active income. Disallowed rental real estate losses from previous years may also be deducted as discussed earlier.
A taxpayer must meet two requirements to be considered a real estate professional for a given year.

More than half of the personal services performed in all trades or businesses for the year must have been performed in real property trades or businesses in which the taxpayer materially...

https://www.learndesk.us/class/6235836347580416/lesson/377fe9d03fe18c27f3fef66c45dc999b?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
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