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Updated about 3 years ago on . Most recent reply

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James Healy Jr
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Bought a Flip in another State, can I deduct housing and meals

James Healy Jr
Posted

I purchased a flip in another state and wondering if I am able to deduct housing and meals etc during my two month stay. Is there anything else that I would be able to deduct off my taxes. In addition how would I itemize payments to laborers I paid cash to. All I have is their names. I realize now the many many mistakes I made on this flip and how short term capital gains really take a hit on my profit. Thanks

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