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Updated over 5 years ago, 05/23/2019
Tax Deductible Limits
Aloha. 🤙🏾 Looking for advice and insight. Any help is much appreciated. Recently I have been exceeding the limit on tax deductions for my rental property business, when filing for my annual tax returns. Every year I defer the excess to the following year and it feels as tho I’m not taking full advantage of the situation. Everyone talks about the benefit of being a business owner and taking advantage of things being “tax deductible”, but what about exceeding the limit? Please help. I feel like I’m doing something wrong that is basically a “rookie” move. Sorry. First post. Need help! Any info, suggestions is much appreciated. Mahalo