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Updated about 13 years ago on . Most recent reply

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1,493
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George P.
  • Real Estate Investor
  • Baltimore, MD
268
Votes |
1,493
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Deduct mileage used to inspect properties - Tax Lien Investing

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

Can I offset an interest earned from Tax Liens by mileage/car usage associated with property inspections prior to lien purchasing ?
Thanks

Most Popular Reply

Account Closed
  • Landlord
  • Seattle, WA
1,839
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3,412
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Account Closed
  • Landlord
  • Seattle, WA
Replied

You could make a good case that this is a reasonable and necessary expense. This is investment income and the expense would be treated as an investment expense.

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