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Updated about 9 years ago on . Most recent reply

User Stats

65
Posts
6
Votes
Joe Kato
  • Real Estate Investor
  • Albion, RI
6
Votes |
65
Posts

What to buy today to write off as an expense before year end?

Joe Kato
  • Real Estate Investor
  • Albion, RI
Posted

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!

Most Popular Reply

User Stats

1,980
Posts
948
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Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
948
Votes |
1,980
Posts
Bryan L.
  • Residential Real Estate Agent
  • Cookeville, TN
Replied

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.

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