Real Estate - real estate agent

blog about the real estate market

If I claim to be a real estate professional for tax purposes, is my income subject to FICA?

capn bob asked: I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the [...]

Posted September 5th, 2008 in Dream Home | 1 Comment »