I am an attorney who handles creation of corporate entities and trusts to hold real estate, as well as litigation over deals gone bad and disputes with contractors.I have one residential property that is a headache, as it is over an hour away from where I live, but I plan on selling it (although it was owner financed, and a bankruptcy has stalled he foreclosure).

Meals and travel have special rules for deducting and especially for record keeping.You cannot never deduct a trade or business items unless there is the carrying on of a trade or business.If you capitalize and it falls through, you write off as a loss related to a transaction entered into profit for 165.195(1)Start-up expendituresThe term “start-up expenditure” means any amount—(A)paid or incurred in connection with—(i)investigating the creation or acquisition of an active trade or business, or(B)which, if paid or incurred in connection with the operation of an existing active trade or business (in the same field as the trade or business referred to in subparagraph (A)), would be allowable as a deduction for the taxable year in which paid or incurred.165c)Limitation on losses of individualsIn the case of an individual, the deduction under subsection (a) shall be limited to—(1)losses incurred in a trade or business;(2)losses incurred in any transaction entered into for profit, though not connected with a trade or business; and

Meanwhile, I took on the role of marketing our creation.

Streamyard - for content creation paired with Youtube5.

It’s a great option if you’ve expended all your other opportunities but still have a higher income with which you can carry on investing.This is barely scratching the surface of all the things you can do with a cash value life insurance policy and real property, but I wanted to at least open the thinking process to this potent yet under-utilized asset creation strategy.

@Wala Habiby@Wala HabibyMany retirement vehicles offer significant tax advantages and are geared for long term capital gains and wealth creation.

- Which states have big factories and big businesses moving to them now, meaning there will be solid future job creation? 

Policymakers must act swiftly and decisively to foster an environment that supports business growth, job creation, and long-term prosperity.

However, there must be a great deal of satisfaction with being on the creation/building side of things. 

CA for wealth creation/appreciation and elsewhere for cashflow.