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Updated about 6 years ago,

Nick Vollrath's profile image
Nick Vollrath's profile image
Nick Vollrath
  • from Morristown, NJ
  • Member since Jul 26, 2018
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Nick Vollrath's profile image
Nick Vollrath's profile image
Nick Vollrath
  • from Morristown, NJ
  • Member since Jul 26, 2018
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Nick Vollrath
  • Morristown, NJ
3
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6
Posts
Tax, SDIRAs & Cost Segregation

Allowable Deductions for Limited Partners

Nick Vollrath
  • Morristown, NJ
Posted

Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partnerships, are they able to deduct expenses related to the management of their LLC, e.g., mileage to REIA meetings, business meetings or travel, etc?

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