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Updated almost 4 years ago,
Newbie Tax Deduction
Hello All!
November 2020 was my introduction to the world of real estate investing. I purchased some startup equipment and educational materials (dedicated laptop, BiggerPockets subscription, a few webinars) and a had a direct cost (an inspection on a non-owner occupied investment property I did not purchase) but did not have a real estate transaction before the end of the year, and did not set up any sort of legal business entity. I have a W-2 job and my annual deductions are more than the standard deduction. Can I write these real estate expenses?
Thanks!