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Updated almost 3 years ago,
Starting a RE business
Hi All,
I'm a rookie investor from Washington State that purchased my first rental SFH in Texas in November 2021. I created the LLC in Texas on December 31, 2020.
I traveled to Texas 3 times, 2 times for house hunting, and saw possible neighborhoods. The last trip was to sign the property management company and get the house ready before listing the property. The lease agreement was signed in December, and the people moved on January 10. Yeah!Please Let me know, Can I deduct in my taxes the T&E and house hunting as part of starting a new RE investment business before I purchased the property?
Thank you in advance for your help
Ricardo