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Updated about 9 years ago on . Most recent reply
What to buy today to write off as an expense before year end?
So it looks like I made some money this year investing in rental properties. Will have to pay taxes on it unless I can increase my expenses... Any ideas for what to do today in new years eve relating to tax strategies or expenses I can write off? marketing, buy parts for some needed repairs, advertising, pay ahead for snow plowing, etc?
edit: table didn't post
Any suggestion how to reduce my taxable income?
Happy new year!
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In my area, I can pay the property taxes any time between October and February. If you can, go ahead and pay any property taxes that are due. You could also go ahead and make your next mortgage payment so that you have a higher interest write-off.