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Property owner and ability to take depreciation allowance

I own 3 renal properties, and have a regular 9 to 5 job at a bank. I heard that one has to be a "qualified real estate professional" so that one may depreciate these properties as far as income taxes....Is this true? What qualifies one as a real estate professional if one has another 9 to 5 job? Does this depreciation from residential real estate offset income taxes on the 9 to 5 job?
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April 30 2009 - Glenville
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