Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
casual labor?
So I have been in the habit of finding a local handyman near each of my properties and I have them do work for me (mow the yard, clean gutters, etc.) 2 of these guys are under the $600 limit for sure. 4 other guys I have hired have helped me with the two rehabs I have been doing since September. One guy I have paid just over $2k and the other three are a bit under $1k.
Is it going to be audit city if is just claim 4 guys for $600 and 2 guys for less? I would eat the other expenses. 2 of the guys I hire are homeless and living at a men's shelter. no way in heck I would ask for their SS # and send them a tax bill.