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Updated over 8 years ago,

User Stats

22
Posts
6
Votes
Mark S.
  • Investor
  • Pelham, NH
6
Votes |
22
Posts

Books, Entertainment, Travel - Tax Deductible

Mark S.
  • Investor
  • Pelham, NH
Posted

Hi,

Tax question. I currently own 19 units in 7 different properties. All of the properties are held in my name personally, not in an LLC or partnership. I am a heavily leveraged individual, which is way I haven't yet put the properties in LLCs. My question is, are the books and memberships bought from sites like BiggerPockets considered tax deductible if I'm using to help educate myself? Where I don't have a company name, would this have any negative tax implications or tax advantages I'm missing? I have a FT job, so I'm not technically considered a real estate professional. Thank you in advance.

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