BUSINESS OWNER AND REAL ESTATE INVESTOR TAX HELP

[Travis Elliott]

So I left my CPA's office today feeling a little down. I thought that I had some legal loopholes that would help my business out using Real Estate.

Here is the scenario: I have two commercial buildings. One houses my business and the other is empty. I wanted to rent the empty one to my business for $3500.00 a mo. $1500 would go to pay PITI and $2000.00 would go to me.

I can do this but there arent any real tax advantages on the 2000.00 portion