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Updated over 4 years ago on . Most recent reply presented by

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46
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April L. Williams
  • Wholesaler
  • Wilmington, NC
13
Votes |
46
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Chart of Accounts for Wholesale Investor Bookkeeping

April L. Williams
  • Wholesaler
  • Wilmington, NC
Posted

I am a wholesaler in need of a chart of accounts to set up my books. Since I'm just starting out and not in need of project management or anything too fancy, I'm doing everything in Excel. If anybody has a list of tax write-offs a wholesaler can deduct, could you send me a link?? I already have all the typical business deductions (mileage, home office, advertising, office exp's, materials & supplies, equipment, etc.) I just mainly need the list of deduction that would specifically affect a wholesaler...:)

Thanks in Advance,

April

Most Popular Reply

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@April L. Williams

You can use the IRS Schedule C for a list of expense categories

  • Michael Plaks
  • Loading replies...