http://www.ramsey-rentals.com Mon, 13 Dec 2010 04:29:55 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 http://www.ramsey-rentals.com/can-owning-1-or-2-rental-property-qualify-you-as-a-real-estate-professional/ http://www.ramsey-rentals.com/can-owning-1-or-2-rental-property-qualify-you-as-a-real-estate-professional/#comments Thu, 04 Feb 2010 08:27:54 +0000 http://www.ramsey-rentals.com/can-owning-1-or-2-rental-property-qualify-you-as-a-real-estate-professional/ I am planning to buy 2 rental properties, approximately $250,000 total. My wife and I both work full-time. Does owning 2 rental properties qualify either one of us as a real estate professional so that we could get losses on these properties as tax deductions against our personal income.? If not, what can we do about these rental losses (mainly due to depreciation on the property). Thanks in advance.

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