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 over 8 years ago,
What can I write off as a wholesaler with or without LLC?
Hi,
I wholesale in CA and plan to buy and hold property in the midwest soon. I have an LLC registered in CA. What expenses can I write off when wholesaling?
Some of the costs in mind: marketing, travel to sellers/buyers/property inspections, title fees, monthly subscription services to keep the business running.
What are the tax consequences of not buying things through an LLC? I assume many wholesalers don't do this because then a seller would have to sell to a corporation instead of an individual and thus might lose the deal.