Discussion:Real Estate Appraiser

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Discussion Forum Index --> Tax Questions --> Real Estate Appraiser

Tsholly (talk|edits) said:

12 October 2006
Does "appraising" residental homes qualify as a "real property trade or business" for the real estate professional test? The industry (in AZ) requires licensure and is regulated.

Mtmckeecpa (talk|edits) said:

13 October 2006
T,

I don't see it but somebody else might... sec. 469(c)(7)(C) and Reg. 1.469-9(d)

Tsholly (talk|edits) said:

13 October 2006
I know it's not specifically listed, but neither is real estate agent although broker is listed. I believe real estate agents can qualify.

My gut says no, it is a support activity to a real property trade or business similar to mortgage lenders (which don't qualify). However, client went to a seminar and was told he qualifies and wants all his passive losses.

Anyone else with an opinion?

Mtmckeecpa (talk|edits) said:

13 October 2006
T,

Some how I just edited away my response...those pesky seminars.

Tsholly (talk|edits) said:

13 October 2006
Did Dennis' reply get edited away?

Mtmckeecpa (talk|edits) said:

13 October 2006
Sorry for the confusion...now my initial response is there...apparently I goofed.

I was trying to edit my reg reference from red to blue and then it was gone...shoulda asked help from Solomon.

I did not intend to edit Dennis' or any other reply to your question.

Dennis (talk|edits) said:

13 October 2006
Dennis merely restored Mt's post.

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