Answer
Jul 24, 2025 - 04:54 PM
Yes, provided I have sufficient documentation. Imagine I'm a real estate professional, managing all my properties. One year I get super sick and don't meet the material participation timeline, then I'm no longer a real estate professional. That year I won't take the status, but the next year I absolutely will. So, yes, you can. And even if there's no benefit for you, don't take it.