Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

211
Posts
109
Votes
Sean H.
  • Developer
  • north carolina
109
Votes |
211
Posts

Good tax write offs for high income?

Sean H.
  • Developer
  • north carolina
Posted

Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 50% (unless you live in a tax free state). What are some unrelated or not so obvious things you have purchased or setup that were worth the write off? 

-I haven't really looked at the rebates on solar or other green purchases to see whether the deduction is very high on these anymore.
-I guess this one is real estate related, but if your set up your own property management company, and you manage your own properties you  have a whole new set of concurrent write offs. 
-section 179. New vehicle (truck). I assume most of you don't do your own construction, but for me this means the justification of a nice trailer or piece of heavy machinery (which i will actually use a lot for my business). 

Loading replies...