taxlady49 Posted February 14, 2008 Report Share Posted February 14, 2008 New client who qualifies as a real estate professional. After several years of losses he is finally showing a profit. Is this profit subject to SE tax? Thanks, Barb Stevens Quote Link to comment Share on other sites More sharing options...
jasdlm Posted February 14, 2008 Report Share Posted February 14, 2008 Why wouldn't it be subject to SE tax? What am I missing? Quote Link to comment Share on other sites More sharing options...
Randall Posted February 14, 2008 Report Share Posted February 14, 2008 Ordinary or rental income? Quote Link to comment Share on other sites More sharing options...
michaelmars Posted February 15, 2008 Report Share Posted February 15, 2008 profit from rentals is not subject, even for a re professional. management fees are subject. Quote Link to comment Share on other sites More sharing options...
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