Hi. I own 27 units and struggle to put in enough hours towards REP status. I’d like to purchase some small businesses over the next year or two. I’d like to know which construction type businesses or other ones I can devote hours to that might help me qualify towards REP status - it seems to be a grey area even though I know there are the 11 categories. Will a roofing company and landscaping qualify? I’ve heard an HVAC company was denied. Are there IRS cases I can look up to be 100% certain a potential business may qualify for REP status? Thanks.
Thank you so much for submitting this question. We answered it on today’s show, recorded 3/27/24. Please check it out there and please share with your friends, family and associates if you can. Thanks again!! Mark and Mat