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

Stephanie Cessna's profile image
Stephanie Cessna's profile image
Stephanie Cessna
  • New to Real Estate
  • from Granbury, TX
  • Member since Sep 14, 2020
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Stephanie Cessna's profile image
Stephanie Cessna's profile image
Stephanie Cessna
  • New to Real Estate
  • from Granbury, TX
  • Member since Sep 14, 2020
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Stephanie Cessna
  • New to Real Estate
  • Granbury, TX
3
Votes |
13
Posts
Tax, SDIRAs & Cost Segregation

Can I write off my education?

Stephanie Cessna
  • New to Real Estate
  • Granbury, TX
Posted

I am brand new to the investing game and have been working on developing systems and educating myself as much as I can while I am actively seeking out rental properties. I have yet to form a sole proprietorship or an LLC and I was waiting until I actually had something to protect. But does it make sense to form one now so that I can write off all of the money that I'm spending on education and developing systems?? Thanks in advance for any advice!

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Jake Hottenrott's profile image
Jake Hottenrott's profile image
Jake Hottenrott
  • CPA
  • from Belleville, IL
  • Member since Jan 10, 2014
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Jake Hottenrott's profile image
Jake Hottenrott's profile image
Jake Hottenrott
  • CPA
  • from Belleville, IL
  • Member since Jan 10, 2014
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Jake Hottenrott
  • CPA
  • Belleville, IL
269
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255
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Jake Hottenrott
  • CPA
  • Belleville, IL
Replied

You can't write off anything until you are actually IN business.

  • Jake Hottenrott
    • 1 Vote
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