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,
Books, Entertainment, Travel - Tax Deductible
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.