Claming deductions (losses) on your personal/business taxes

[Davon Lowery]

As discussed on many previous podcasts, posts most recently in the latest podcast and as general conversation, the discussion of private financing vs traditional financing.

I have spend the better part of this year, thus far, speaking to lenders, daily, on the phone via email, smoke signal; basically, whatever means I could get, in a vigorous attempt to obtain financing.

If it isn't one thing its another with these guys. What I'm going through now, reminds me to a memory of my tax prepare, of about 10 years, said to me, "play the game, leave the rest up to me"; in essence, put your money into the system, pay your da*n taxes and I will get you an amazing return.

This system worked great, until I wanted to start a REI business.

So, have you been swayed one way or the other, claiming a mound of business deductions on your business or personal taxes or just biting the bullet and writing the check? 

I know many of you all swear by private $, but someone of us would like to use the traditional means, while we can (small portfolio size).