Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 4 years ago on . Most recent reply

User Stats

46
Posts
13
Votes
April L. Williams
  • Wholesaler
  • Wilmington, NC
13
Votes |
46
Posts

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

User Stats

5,127
Posts
6,007
Votes
Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,007
Votes |
5,127
Posts
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...