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30 October 2020 | 31 replies
Often these vouchers limit the veteran to a 1 bedroom rental property.The residential/personal care facility requires more than simply housing 3 or 4 veterans in a home; it often requires some type of 24 hour maintenance for these vets (depending on their level of care needed), which can include meal preparation and monitoring of medications these veterans are on.
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29 December 2015 | 6 replies
Do you know how to take meal deductions?
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29 May 2016 | 29 replies
that means that the solution moving forward is to start being honest with the IRS about your gross rental income when you file your taxes.The [ rent * 75% - PITI ] calculation that everyone knows about is not used once you've owned real estate long enough for it to appear on your Schedule E.And, if applicable, stop writing off meals and entertainment.
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1 January 2017 | 14 replies
As for meals it's only 50% if it's a business expense.
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7 March 2013 | 87 replies
@Antonio Bodley I might be incorrect, but I believe to spend a day or a few hours with @Rob Gillespie would be under $300" spend 99 bucks to fly southwest and visit me my home and office for a day "" pick up the foot long subway tab "$99 each way plus subway meal ($14 est ) plus cheap orlow cost rental car plus gas -> $300 maxJust an ideal - maybe after a few..few deals then maybe visit Rob to upscale your real estate business Again just an ideal
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28 February 2017 | 10 replies
- meals, mileage, internet, cell phone...all things you can look into in terms of deductions.Hope that helps a bit, have I mentioned that you should talk to a tax advisor :)Best,David
15 June 2019 | 34 replies
Independent living is basically a boarding home where you provide rooms space and meals, etc.
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9 August 2021 | 99 replies
@Steve Vaughan nope STR income goes on a Schedule E and is treated just like LTR income as long as one does not provide substantial services during guest stays like a bed and breakfast or hotel would (meals, cleaning services, etc).
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30 October 2020 | 30 replies
The tenant is a family of three and has to order out or dine out almost every meal other than what they can make in a microwave or toaster.
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19 May 2022 | 12 replies
To make money I would do an evening meal and two beers for $15 USD.