Which of the following is NOT true regarding the qualification of real estate as professionals?

The assertion that a taxpayer must provide personal services in more than one real property is not true for qualifying as a real estate professional. To meet the criteria set forth by the IRS, a taxpayer must be involved in real property trade or business, but there is no stipulation that they must provide services across multiple properties. Rather, the focus is on the amount of time and the significance of the taxpayer's involvement in the real estate activity, rather than the number of properties.

This qualification hinges on two primary tests: the threshold of providing more than 750 hours of service in real estate in a given tax year and more than half of the taxpayer's personal services in real estate activities. Therefore, a taxpayer can qualify as a real estate professional even if they only work on a single property, as long as they meet the other required criteria.

This distinction clarifies that engaging in personal services within one real property can indeed satisfy the requirements for professional designation, thereby making the choice about working in more than one property incorrect as a necessary condition.