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Updated almost 6 years ago on . Most recent reply

User Stats

37
Posts
12
Votes
Matthew Kern
  • Rental Property Investor
  • Owatonna, MN
12
Votes |
37
Posts

Newbie tax question.

Matthew Kern
  • Rental Property Investor
  • Owatonna, MN
Posted

Hey guys, I feel like this is a dumb question, but do I deduct non property specific items across all my properties right?

For example buying a bigger pockets book, I want to deduct it under "other" as education, and it's $15. Would I deduct $5 from each of my 3 properties.

Thanks.

  • Matthew Kern
  • Most Popular Reply

    User Stats

    1,407
    Posts
    754
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    Lance Lvovsky
    • Accountant
    • Fort Lauderdale, FL
    754
    Votes |
    1,407
    Posts
    Lance Lvovsky
    • Accountant
    • Fort Lauderdale, FL
    Replied

    @Matthew Kern

    You can but for $5 put it against one. That is the practical response.

  • Lance Lvovsky
  • Loading replies...