Major Tax Deductions

[Vikram C.]

I'd like this thread to be a place where we compile a list of the major tax deductions available to a real estate investor. Since I do flips, I do not get the benefit of depreciation, but here are a couple of good ones still available to me:

1. Defined benefit contributions. Looks like I can put $195,000 each year into this tax free. But can I self-direct this amount so that it is well-invested after I make my contribution?

2. Foreign earned income. Depending on the number of days spent abroad vs the U.S., I may be able to deduct up to $91,400 this year. This money can be invested any way I like, including in flips.

These two add up to about $280K in tax deductions. Any other good-sized deductions that you guys know about?