Real Estate professional with only rental income and no sales or other transactions I qualify as real estate professional for the rentals we have as I had been actively involved in maintaining them. In addition to maintaining these rentals, I also spent time to become an agent although I did not buy or sell any property or to any of my clients.
How do I claim the expenses as these are not expenses related to my rentals? Do I need to open a business and claim them as business expenses? If so, I cannot show any income for last year. |