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Updated almost 11 years ago on . Most recent reply

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4,248
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
Votes |
4,248
Posts

Tax Deductions Poll for Travel/Entertainment

Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Posted

The IRS groups us buy and hold investors and sorts and arranges our tax returns on a massive scale. Therefore the name of the game is to not be an outlier for example someone who has total rents of $20K a year but takes $8K in deductions for Meals and Entertainment. I as hoping if we could start a mini poll to see where we each stand amongst our Buy and Hold cohorts.

I made a spread sheet that you can anonymously list your rental income and how much you are claiming in travel/meal expenses. Click to access my spreadsheet below:

https://docs.google.com/spreadsheet/ccc?key=0AogFjCt6Knc1dGtDS09jTUhTM013YjM4bG5uT0YtRWc&usp=sharing

  • Lane Kawaoka
  • Loading replies...