{"id":702,"date":"2012-06-04T11:36:15","date_gmt":"2012-06-04T16:36:15","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=702"},"modified":"2012-06-04T11:36:15","modified_gmt":"2012-06-04T16:36:15","slug":"a-warning-for-real-estate-professionals-who-have-short-term-rentals","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=702","title":{"rendered":"A warning for real estate professionals who have short term rentals"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/06\/for_lease.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-703\" title=\"for_lease\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/06\/for_lease-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>Time spent on those activities won&#8217;t help them beat the passive loss rules, the Tax Court says. Real estate pros who spend over 50% of their working hours and 750 or more hours a year materially participating in real estate as developers, landlords and the like are exempt from the rule barring write-offs of passive losses. But time spent on properties with average rental periods of seven days or less is not counted when determining if the 750-hour test is satisfied. It doesnt matter that the filer materially participates in the activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time spent on those activities won&#8217;t help them beat the passive loss rules, the Tax Court says. Real estate pros who spend over 50% of their working hours and 750 or more hours a year materially participating in real estate &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=702\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[88,89,90],"class_list":["post-702","post","type-post","status-publish","format-standard","hentry","category-general","tag-real-estate-professionals","tag-short-term-rentals","tag-tax-court"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=702"}],"version-history":[{"count":3,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/702\/revisions"}],"predecessor-version":[{"id":706,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/702\/revisions\/706"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}