Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago on . Most recent reply

Writing off business expenses on Sch C or 1065
I'd like to start a discussion about writing off business expenses and what can or cannot be written off. Currently I have a corporation (although I haven't done anything with it) and I would like to know if I can purchase new office equipment and then include that as an expense on my tax returns for next year. I would also like to increase my direct mail efforts by outsourcing my direct mail to a company like yellowletters.com. These are all legitimate business expenses but I'm unsure as to whether or not this would go on my schedule C expenses or if I would have to file a 1065 corporate tax return. Any information on this would be greatly appreciated.