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Updated about 15 years ago on . Most recent reply

User Stats

308
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61
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Justin Case
  • Real Estate Investor
  • Seattle, WA
61
Votes |
308
Posts

Landlord tax write offs...

Justin Case
  • Real Estate Investor
  • Seattle, WA
Posted

This is my first full year of operating my units.

I recently looked at another property to buy and surprisingly to me my agent and loan guy told me not to write off everything I can with my current properties. My agent told me not to write off mileage (since she doesn't) and the loan guy told me not to write off "everything". Whatever that means.

Do you investors write off everything possible?
I would think you would want to.

Here are a few things I am trying to decide if I should write off or not since they were not 100% needed.

-Software classes for organized book keeping
-A few dress shirts for showings
-Storage for supplies

Do you guys go as far off to write off things as haircuts?
I know my old landlord did lol.

Most Popular Reply

User Stats

1,083
Posts
482
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Mark N.A
  • Real Estate Investor
  • North Carolina
482
Votes |
1,083
Posts
Mark N.A
  • Real Estate Investor
  • North Carolina
Replied

Good grief, Jet -- find another CPA. This one doesn't value your business.

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